Question: Scenario 40 Financial Statement Analysis - Johnson & Johnson Johnson & Johnson has reported the following financial data for the fiscal year ended December 31,

Scenario 40 Financial Statement Analysis - Johnson & Johnson

Johnson & Johnson has reported the following financial data for the fiscal year ended December 31, 2023:

  • Total Assets: $165,730 million
  • Total Liabilities: $63,810 million
  • Net Income: $19,850 million
  • Total Revenue: $88,730 million
  • Total Expenses: $68,880 million
  • Average Shareholders' Equity: $101,920 million

Calculate the following financial ratios for Johnson & Johnson:

a) Return on Assets (ROA) b) Return on Equity (ROE) c) Debt-to-Equity Ratio d) Gross Profit Margin e) Net Profit Margin

Interpret each ratio and discuss the financial performance of Johnson & Johnson based on these ratios.

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