Solution-Analysis and interpretation of profitability

Analysis and interpretation of profitability

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Reference no: EM132459626

Analysis and Interpretation of Profitability

Question 1: Balance sheets and income statements forJohnson &Johnson follow. Refer to these financial statements to answer the requirements. JOHNSON &JOHNSON, INC. Consolidated Statement of Earnings 534

Sales to customers	$63,747 $61,095 $53,324

Cost products sold 18,511			17,751	15,057
Gross profit		45,236	43,344	38,267
Selling, marketing and administrative expenses		21,490	20,451	17,433
Research expense		7,577	7,680	7,125
Purchase in-process research and development		181	807	559
Restructuring			745	--
Interest (income)		(361)	(452)	(829)
Interest expense, net of portion capitalized		435 (1,015)	296	63
Other (income) expense, net			534	(671)
		28,307 30,061		23,680
Earnings before provision for taxes on income		16,929	13,283	14,587
Provision for taxes on income		3,980	2,707	3,534
Net earnings		$ 12,949	$ 10,576	$ 11,503

Reference no: EM132459626

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Analysis and interpretation of profitability : Balance sheets and income statements forJohnson &Johnson follow. Refer to these financial statements to answer the requirements. JOHNSON &JOHNSON

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Analysis and interpretation of profitability

Reference no: EM132459626

Reference no: EM132459626

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