Question: Balance Sheet Analysis for Johnson & Johnson Items Amount (in millions) Total Assets $180,000 Total Liabilities [Calculation 17] Total Equity $120,000 Cash and Cash Equivalents

Balance Sheet Analysis for Johnson & Johnson

Items Amount (in millions)

Total Assets $180,000

Total Liabilities [Calculation 17]

Total Equity $120,000

Cash and Cash

Equivalents

$40,000

Accounts Payable $30,000

Inventory $20,000

Long-term Debt $40,000

Retained Earnings [Calculation 18]

Calculate the following:

a) Total Liabilities

b) Retained Earnings

c) Inventory Turnover Ratio

d) Debt Ratio

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