Johnson & Johnson reported the following financial figures for the fiscal year ending December 31,...

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Accounting

Johnson & Johnson reported the following financial figures for the fiscal year ending December 31, 2023: Total Revenue of $95,460 million, Operating Expenses of $72,350 million, and Net Income of $18,710 million. The company’s total assets were $237,540 million, and total equity was $120,890 million.

Questions:

  1. Calculate Johnson & Johnson’s operating profit margin.
  2. Compute Johnson & Johnson’s net profit.

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