Ratio Analysis for Feature Company
Johnson&Johnson’ s 2012 financial statements include the following items (all dollars in millions):
| 2012 | 2011 |
Balance sheet | ||
Current assets | $46,116 | $54,316 |
Current liabilities | 24,262 | 22,811 |
Total assets | 121,347 | 113,644 |
Income statement | ||
Sales | $67,224 | $65,030 |
Gross profit | 45,566 | 44,670 |
Net earnings (income) | 10,514 | 9,672 |
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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