Question: Johnson & Johnsons 2015 financial statements include the following items (all dollars in millions). 2015 2014 Balance sheet Current assets $60,210 $55,744 Current liabilities 27,747

Johnson & Johnsons 2015 financial statements include the following items (all dollars in millions).

2015

2014

Balance sheet

Current assets

$60,210

$55,744

Current liabilities

27,747

25,031

Total assets

133,411

130,358

Income statement

Sales

$70,074

$74,331

Gross profit

48,538

51,585

Net earnings (income)

15,409

16,323

Compute the following ratios and comment on the trend you can observe from the limited two years of data you have available.

  1. Gross profit rate.

  1. Net income as a percentage of sales.

  1. Current ratio.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

1. Calculate the cost of each capital component, after-tax cost of debt, cost of preferred, and cost of equity with the DCF method and CAPM method. 2. What do you estimate the company?s WACC? Please...

Q:

Hi, I need help with this document. It is due 06/06/2017 11:59, Please help me! Project Six: Acquisition Contingencies Background In 2011, a construction materials manufacturing company (Construct)...

Q:

Please do these questions: -What sources of value most plausibly account for the differences between buyer and seller? -Structure and execute a discounted cash flow valuation of all of the MW...

Q:

Please answer this question.. Very easy. -What sources of value most plausibly account for the differences between buyer and seller? -Structure and execute a discounted cash flow valuation of all of...

Q:

Please help me find details of Target's fiscal 2018 liabilities, calculate the time-earned interest rate, and compare to Kohl's corporation if possible. If not, thank you anyway! Financial Statement...

Q:

please provide all ratios Earnings per Share of Common Stock Current Ratio Gross Profit Rate Profit Margin Inventory Turnover Days in Inventory Accounts Receivable Turnover Average Collection Period...

Q:

Question: find the NPV, fill the rest of the table base on the provided case study. I attached 2 excel tables wich some numbers calculated and need the other number to find out base on the tables...

Q:

can anyone help me with my assignment, which is consist part 1 and 2. but i already done the part 1 and now i need someone to settle this out. here i attach the question including my answer for part...

Q:

need help on checkpoint accounting 1. CheckPoint: Ratio, Vertical, and Horizontal Analyses The calculations you perform for this CheckPoint form the basis of your analysis of your capstone project....

Q:

please create and calculate balance sheet and cash flow for year (22,23,24,25,26) using the photo I have upload below balance sheet cash flow income statement A3 Industry - Annual Standardised in...

Q:

Saunders Corp. has been experiencing losses for several years but still has valuable fixed assets. The shareholders see little hope that the corporation will ever make a profit. Another corporation,...

Q:

The transaction below happened at Areej Company: 1. 1st of October, the owner of the company invested 20,000 in the company. 2. 3rd of October, the company converted 30,000 Note payable to ordinary...

Q:

E1.3 A precise optical signal source can control the output power level to within 1% [32]. A laser is controlled by an input current to yield the power output. A microprocessor controls the input...

Q:

This year, Port City was sued for injuries sustained when a citizen slipped and broke her hip on the icy City Hall steps. The City attorney estimates the City will be held liable by the courts and a...