EBIT Margins (FRA page 440, Exhibit 14)

How were the figures on Exhibit 14 determined? For example, the top left item, Pharma 2007 EBIT of 33.27%: Is this a given amount or a calculated amount. Thanks,


exhibit 12… EBIT/Sales Pharma = 2435/7319 (previous page) = 33.27%

thank you. that whole reading really broke me.

I LOVED this section, difficult but it put everything in context. anyone know of any other sources where we see such analysis. Ex; harvard business school case studies do the same thing but not for financial statement analysis more towards management cases.