Merck Analysis

Individual Week Five Assignment Merck Business compend area II Sally Petersen MGMT 521 October 31, 2011 Richard Bowman Merck & axerophthol; Co., Inc. is sensation of the largest pharmaceutical companies in the world. They mother prescription medications for people and animals, vaccines, and consumer dole out products. They sell their products to drug wholesalers, retailers, the political science and hospitals. Merck & Co., Inc. has a large number of pharmaceuticals on the foodstuff as headspring as in the revealment dress as they are ane of leading research impelled companies in todays market (Merck, n.d.). Todays Merck & Co., Inc. was created when the lord Merck co-ordinated with Schering-Plough in 2009. Merck & Co. Inc. started as a branch of the original German Merck which now does ancestry under the name of Merck KGaA. The foundations of these 2 companies started in 1668 and 1851 respectively. (Hoovers ships phoner Information, 2 011). Through research and maturement and intelligent mergers, Merck has climbed the ladder to success. xi months ago November 2010, the corporation named Kenneth Frazier as their Chief Executive Officer. Frazier vowed to develop innovative products and sum up sales in emerging markets in his new plaza (Randall, 2010).

This paper will analyze the companys monetary health by comparison to two other companies that contest with Merck. To do this, we will look at the financial statements of Merck and some(prenominal) of their competitions. Income Statement Review The income statement of a company summari zes revenues, live of goods, and expenses (! including taxes), for a specific period and highlights the total clams or loss the firm experienced during that period (Nickels, McHugh, & McHugh, 2010, pp. 464). Mercks Income Statement from the last three years (2010, 2009, 2008) shows an cast up in revenue from 23,850 million dollars in 2008 to 45,987 million in 2010. This is an increase of 192%. The cost of goods rose 329% from 5582...If you want to get a expert essay, order it on our website: OrderCustomPaper.com

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