Question: Develop a budget and financial forecast for Johnson & Johnson for the next fiscal year based on the following assumptions: Expected Sales Growth: 10% Operating

Develop a budget and financial forecast for Johnson & Johnson for the next fiscal year based on the following assumptions:

  • Expected Sales Growth: 10%
  • Operating Expenses: 20% of Sales
  • Capital Expenditures: $50,000,000
  • Tax Rate: 25%

Present your budget in a format suitable for management review, including variance analysis and sensitivity analysis. 

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