EXHIBIT 4 Merck’s 2004 Selected Financial Ratios
Adjusted Alternative (1) 37.61% 12.13% 1.95 0.63 Adjusted Alternative (2) 37.61% 14.08 1.52 0.57
Ratio ROE ROA Debt/Equity Debt/Assets
As Reported 33.63% 13.66% 1.32 0.54
JANUARY 2007 / THE CPA JOURNAL
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