Week 2 Chapter 2 (Homework)
1. MBA 02.06
Common-sized income statements
2. MBA 02:07
Pfizer Inc. (PFE) is a global pharmaceutical company that researches, develops, manufactures, and sells a variety of medicines and vaccines. The following operating data (in
millions) were adapted from recent financial statements of Pfizer.
3. MBA.02.08
Year 2
Year 1
Revenue
$\ 81,286
$\ 41,651
Operating expenses
Cost of goods sold
$\ (30,821)
$\ (8,484)
Selling and general
$\ (12,703)
$\ (11,597)
Other expenses
$\ (13,453)
$\ (14,534)
Total operating expenses
$\ (56,977)
$\ (34,615)
Operating income
$\ 24,311
$\ 7,036
1. Prepare common-sized income statements for Years 1 and 2. Round your answers to one decimal place.
Pfizer Inc.
Common-Sized Income Statement
For Years 1 and 2
Increase
Line Item Description
Year 2
Year 1
(Decrease) \%
Revenue
Progress: 2/3 items
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Assignment Score: 33.34%