First image has the question.

Under current U.S GAAP, Johnson&Johnson includes on its balance its retirement plans Consider the balance sheet effects of instead in the retirement plans and the other benefit plans and their i. Use the table below to show how includes on its balance sheet the net ance sheet would b tise the teble below to show how total assets and total liabilities on the balance Net amount Gross amount that would be added Net amount currently includedwouldtha be added Retirement and other benefit plan assets Retirement and other benefit plan liabilities reported numbers. Then recompute the amounts and ratios on a pro forma basis taking into account the restated Then, and liabilties you calculated in part i above. For purposes of these calculations balance sheet numbers and assume that the company's marginal tax rate, as apad the combined federal and state statutory rates is 35%. i Determine the amounts and ratios below using Johnson & Johnson's reported use year-cnd As reported Pro forma Total assets Total liabilities Liabilities to equity ratio Return on assets Return on equity ii. In your opinion, which set ofratios better refects the economic reality, the as repo pro forma ratios? Explain. lity, the as reported or the Under current U.S GAAP, Johnson&Johnson includes on its balance its retirement plans Consider the balance sheet effects of instead in the retirement plans and the other benefit plans and their i. Use the table below to show how includes on its balance sheet the net ance sheet would b tise the teble below to show how total assets and total liabilities on the balance Net amount Gross amount that would be added Net amount currently includedwouldtha be added Retirement and other benefit plan assets Retirement and other benefit plan liabilities reported numbers. Then recompute the amounts and ratios on a pro forma basis taking into account the restated Then, and liabilties you calculated in part i above. For purposes of these calculations balance sheet numbers and assume that the company's marginal tax rate, as apad the combined federal and state statutory rates is 35%. i Determine the amounts and ratios below using Johnson & Johnson's reported use year-cnd As reported Pro forma Total assets Total liabilities Liabilities to equity ratio Return on assets Return on equity ii. In your opinion, which set ofratios better refects the economic reality, the as repo pro forma ratios? Explain. lity, the as reported or the