Johnson & Johnson is the world’s largest and most broadly based healthcare company, with corporate offices in New Brunswick, New Jersey. Its common stock is listed on the New York Stock Exchange using the symbol JNJ. For Exercises 17 through 22, use the following information taken from Johnson & Johnson’s annual reports.

Using the period 2016–17 as the base period, compute a simple index of the number of employees for each year from 2018 to 2020.

Year 2016 2017 2018 2019 2020 Domestic Sales ($ million) $37,811 39,863 41,884 39,962 43,133 International Sales ($ million) $34,079 36,587 39,697 42,097 39,451 Employees (thousands) 126.4 134.0 135.1 132.2 135.5