Question: What firm audits them?
j. Briefly list four differences in the financial statements, comparing IFRS (NVS) to US GAAP (MRK)
k. Using the ratios already computed on Zacks for both companies, discuss:
1) Which firm is more liquid?
2) More solvent?
3) More profitable?
4) Has better asset utilization?
5) Provides a better Dividend Yield?
6) Has a better return on for shareholder investment? Edit
Answer: PricewatersCooper AG audits Novratis.
KPMG AG audits Merck and Co.
j) IFRS GAAP
Acronym Generally Accepted Accounting Principles International Financial Reporting Standard
Meaning A set of accounting guidelines and procedures, used by the companies to prepare their financial statements is known as GAAP. IFRS is the universal business language followed by the companies while reporting financial statements.
Developed by Financial Accounting Standard Board (FASB). International Accounting Standard Board (IASB).
Based on Rules Principles
Inventory valuation FIFO, LIFO and Weighted Average Method. FIFO and Weighted Average Method.
k) Merck & Co. is more liquid.
Novratis is more solvent
Novratis is more profitable
Merck & Co. has better utilization.
Novratis has better yield dividend.
Merck &co. has better return for shareholder investment
TutorTeddy.com & Boston Predictive Analytics
[ Email your Statistics or Math problems to firstname.lastname@example.org (camera phone photos are OK) ]
Boston Office (Near MIT/Kendall 'T'):
Cambridge Innovation Center,
One Broadway, 14th Floor,
Cambridge, MA 02142,
Dallas Office (Near Galleria):
15950 Dallas Parkway,
Dallas, TX 75248,