Johnson & Johnsons 2020 financial statements include the following items (all dollars in millions): Compute the following

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Johnson & Johnson’s 2020 financial statements include the following items (all dollars in millions):


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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 percent of sales.


c. Current ratio.

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