Question: Johnson & Johnson's 2012 financial statements include the following items (all dollars in millions): Compute the following ratios and comment on the trend you can

Johnson & Johnson's 2012 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. Current ratio?

2012 2011 Balance sheet $46,116 $54,316 Income statement Sales . .. Net earnings income)

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a Gross profit rate 2012 45566 67224 678 2011 44670 ... View full answer

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