Ratio Analysis for Feature Company
Johnson&Johnson’s 2009 financial statements include the following items (all dollars in millions):
| 2009 | 2008 |
Balance sheet | ||
Current assets | $39,541 | $34,377 |
Current liabilities | 21,731 | 20,852 |
Total assets | 94,682 | 84,912 |
Income statement | ||
Sales | $61,897 | $63,747 |
Gross profit | 43,450 | 45,231 |
Net earnings (income) | 12,266 | 12,949 |
Compute the following ratios and comment on the trend you can observe from the limited two years of data you have available.
a. Gross profit rate
b. Net income as a percentage of sales
c. Current ratio
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