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Determine the Johnson and Johnson tax shield

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Question - Johnson & Johnson's 2018 financial statements show operating profit before interest and tax of $20,049 million, net income of $15,297 million, provision for income taxes of $2,702 million and net non-operating expense before tax of $1,799 million.

Assume Johnson & Johnson's statutory tax rate for 2018 is 25%. Determine the Johnson & Johnson's 2018 tax shield?

Reference no: EM133059457

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