Download Pfizer’s 2015 – 2019 annual report (search Pfizer Investor Relations). Locate the firm’s Balance sheet and answer the following:
Conduct a liquidity analysis for the period 2015 – 2019.
Present, in chart or graph format, each ratio for each of the corporations. For example:
Category: Short-Term Liquidity Ratio
Pfizer Company Merck & Co.
Current Ratio 1.6 1.2
The calculations used to determine the answers for the ratio analysis must be included
For each ratio, comment on:
What is the relative position of each of the corporations?
What is being measured?
What does it mean?
At the end of each category/section, comment on:
As a category, what is being measured?
Who are the users of this information?
