Please answer the following questions using the charts.

E. Review the financial statements (Part II, Item 8) and preform the following calculations and analysis: vi. vii. viii. ix. Calculate the Inventory turnover for 2019 and 2018 Calculate the days in Inventory for 2019 and 2018 Prepare Common Size Balance Sheets for 2019 and 2018 Prepare Common Size Income Statements for 2019, 2018, and 2017. JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS At December 29, 2019 and December 30, 2018 (Dollars in Millions Except Share and Per Share Amounts) (Note 1) See Notes to Consolidated Financial Statements JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1) LE Pg2 JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Dollars in Millions) (Note 1) 2019 15,119 2018 15,297 2017 1,300 Netentnings Other comprehensive Income (1085), net of tax Foreign currency translation 164 01.518) 1.096 Securities: Unrealized holding in (oss) arising during period Reclassifications to earnings Net change (1) 1 159 (338) (179) Employee benefit plans: Prior service credit cost), net of amortization Gain loss), net of artization Effect of exchange rates Net change (181 (714) (11 (44) (56) 92 2 29 (2011 (1701 (B) (1071 Derivatives cheyes: Unrealized gain (lossy arising during period Meclassifications to earnings Net change (73) (192) 1265) 14) 359 7 (1001 355 Other comprehensive incore loss) (669) 01.791) 1.702 Comprehensive income 14,450 13,506 3.002 The tax effects in other comprehensive income for the fiscal years ended 2019, 2018 and 2017 respectively: Foreign Currency Translation; $19 million in 2019 and $236 million in 2018; Securities: $96 million in 2017, Employee Benefit Plans: $222 million, $4 million and $83 million, Derivatives & Hedges: $27 million, $70 million and $191 million. See Notes to Consolidated Financial Statements E. Review the financial statements (Part II, Item 8) and preform the following calculations and analysis: vi. vii. viii. ix. Calculate the Inventory turnover for 2019 and 2018 Calculate the days in Inventory for 2019 and 2018 Prepare Common Size Balance Sheets for 2019 and 2018 Prepare Common Size Income Statements for 2019, 2018, and 2017. JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS At December 29, 2019 and December 30, 2018 (Dollars in Millions Except Share and Per Share Amounts) (Note 1) See Notes to Consolidated Financial Statements JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1) LE Pg2 JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Dollars in Millions) (Note 1) 2019 15,119 2018 15,297 2017 1,300 Netentnings Other comprehensive Income (1085), net of tax Foreign currency translation 164 01.518) 1.096 Securities: Unrealized holding in (oss) arising during period Reclassifications to earnings Net change (1) 1 159 (338) (179) Employee benefit plans: Prior service credit cost), net of amortization Gain loss), net of artization Effect of exchange rates Net change (181 (714) (11 (44) (56) 92 2 29 (2011 (1701 (B) (1071 Derivatives cheyes: Unrealized gain (lossy arising during period Meclassifications to earnings Net change (73) (192) 1265) 14) 359 7 (1001 355 Other comprehensive incore loss) (669) 01.791) 1.702 Comprehensive income 14,450 13,506 3.002 The tax effects in other comprehensive income for the fiscal years ended 2019, 2018 and 2017 respectively: Foreign Currency Translation; $19 million in 2019 and $236 million in 2018; Securities: $96 million in 2017, Employee Benefit Plans: $222 million, $4 million and $83 million, Derivatives & Hedges: $27 million, $70 million and $191 million. See Notes to Consolidated Financial Statements