Question: Johnson & Johnsons 2009 financial statements include the following items (all dollars in millions): Compute the following ratios and comment on the trend you can

Johnson & Johnson€™s 2009 include the following items (all dollars in millions):

Compute the following ratios and comment on the trend you can observe from the limited two years of data you have available.
a. Gross profit rate
b. Net income as a percentage of sales
c. Currentratio

2009 2008 Balance sheet Current assets. ...n..S39,541 Current liabilities $34,377 21,731 20,852 Income statement Grossproft Net earnings (income). 43,450 45,231 .12,266 12,949

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a Gross profit rate 2009 43450 61897 702 2008 45236 637... View full answer

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