Gross profit margin for each year

Assignment Help Financial Accounting
Reference no: EM13130689

Johnson & Johnson reported the following revenue and cost of goods sold information in its 10-K report for 2006, 2007, and 2008.

$ millions 2008 2007 2006
Sales to customers $63,747 $61,095 $63,324
Cost of products sold 18,511 17,751 15,057

Compute Johnson & Johnson's gross profit margin for each year.

Reference no: EM13130689

Questions Cloud

Steve jobs used his power : Describe and explain how Steve Jobs used his power.
Determine e° for the reduction : Determine E° for the reduction half-reaction Ce4+(aq) + e- → Ce3+(aq), given that the cell voltage for the following voltaic cell is E°cell = 1.887 V:
How to use statistical attribute sampling or nonstatistical : Statistical sampling should always be used in tests of general controls, such as inspecting logs that document program changes, were the auditor wants to review the entire population but uses sampling to choose specific items to investigate a samp..
Illustrate what is the accounting treatment for debt cost : Under what conditions may revenue be recognized on a "bill-and-hold" sale? Illustrate what is the accounting treatment for debt extinguishment cost? Debt modification cost?
Gross profit margin for each year : Johnson & Johnson reported the following revenue and cost of goods sold information in its 10-K report for 2006, 2007, and 2008.
Calculate mean absolute deviation : Considering the following data using weighted moving average (4 quarters; 0.4, 0.3, 0.2, and 0.1; where 0.5 is the weight for the most recent quarter)Calculate Mean Absolute Deviation.
What mass of potassium bromide residue remains : What mass of potassium bromide residue remains if 500.0 mL of 0.200 M potassium bromide solution are evaporated to dryness?
Determining current market yield : Nathan Akpan is planning to invest in a seven-year bond that pays annual coupons at a rate of 7 percent. It is currently selling at $927.23. What is the current market yield on such bonds?
Illustrate what should the company establish as the sales : Illustrate what should the company establish as the sales price per unit if it sets a target of earning an operating income of $260,000 by producing and selling 50,000 units during the first year of operations?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculation of missing information used in accounts equation

Calculation of missing information used in Accounts Equation and Determine the missing amount from each of the separate situations.

  Calculate the non-controlling interest of demers

Find how much does Bell report as Income from Demers for the year ended 31st December, 2011 and calculate the non-controlling interest of Demers at 31st December, 2011.

  Determine the rate and efficiency variances

Determine the rate and efficiency variances for the variable overhead item power cost and point out whether those variances are unfavorable or favorable.

  Evaluate what is amount of amortization

The average remaining service period for the employees expected to receive benefits is 10 years. Evaluate what is amount of amortization to pension expense for the year?

  Impact of transactions involving operating assets

Identify the cash flows operating , financing , investing Non cash items - Impact of Transactions Involving Operating Assets on Statement of Cash Flows

  Illustrate what is the effective yearly interest rate

A $20 late fee will be added if the payment is made after the 15th of the month. Illustrate what is the effective annual interest rate if the clinic pays the bill on the 17th of the month?

  The entry to record the purchase of the stock

If the market rate of interest is lower than the stated rate, bonds will sell at an amount and the entry to record the purchase of the stock should include a debit

  Illustrate at what amount the land should be recorded

Illustrate at what amount the land should be recorded at January 1, 2013, and the interest expense to be reported in 2013 related to this transaction.

  Determine materials price variance

Determine the variances and indicate whether each is favorable or unfavorable, Materials price variance and Materials quantity variance

  Illustrate what is the amount of character of butte gain

Illustrate what is the amount of character of Butte's gain or loss?

  Illustrate what is the total recorded cost of the automatic

The cost of repairing the component is $2,250. Illustrate what is the total recorded cost of the automatic score keeping equipment?

  Calculate the labor price and quantity variances

Calculate the labor price and quantity variances, assuming standard is 3.94 hours of direct labor at $12.37 per hour.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd