Johnson & Johnson Data for the year ended December 31, 2023:ItemAmountTotal Assets$2,300,000,000Total Liabilities$1,600,000,000Shareholders' Equity$700,000,000Revenue$1,200,000,000Operating Expenses$700,000,000Requirements:Calculate Johnson...

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Accounting

Johnson & Johnson
 Data for the year ended December 31, 2023:

Item

Amount

Total Assets

$2,300,000,000

Total Liabilities

$1,600,000,000

Shareholders' Equity

$700,000,000

Revenue

$1,200,000,000

Operating Expenses

$700,000,000

Requirements:

  1. Calculate Johnson & Johnson's debt-to-equity ratio.
  2. Determine Johnson & Johnson's net profit margin.
  3. Analyze the impact of total assets on Johnson & Johnson's financial leverage.
  4. Discuss how Johnson & Johnson recognizes revenue from pharmaceutical sales.
  5. Evaluate Johnson & Johnson's financial health using the return on investment (ROI).
  6. Explain the role of the Income Measurement Objective in Johnson & Johnson's financial strategy.

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