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Johnson \& Johnson's 2020 financial statements include the following items (all dollars in millions): Compute...

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Accounting

image Johnson \& Johnson's 2020 financial statements include the following items (all dollars in millions): Compute the following ratios and comment on the trend you can observe from the limited two years of data you have available: a. Compute the Gross profit rate. Note: Round your percentage answers to 1 decimal place. i.e. 0.1234 as 12.3%. b. Compute the net income as a percentage of sales. Note: Round your percentage answers to 1 decimal place. i.e. 0.1234 as 12.3%. c. Compute the current ratio. Note: Round your answers to 2 decimal places

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