Johnson & Johnson reported the following revenue and cost of goods sold information in its 10-K report
Question:
Johnson & Johnson reported the following revenue and cost of goods sold information in its 10-K report for 2017, 2016, and 2015.
Compute Johnson & Johnson's gross profit margin for each year.
Transcribed Image Text:
(S millions) 2017 2016 2015 Sales to customørs... Cost of products sold $76,450 $71,890 S70,074 ....... .... .... 25.354 21,685 21,536
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Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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