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Prepare common size income statement for 2019 2018 and 2017 JOHNSON & JOHNSON AND...

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Accounting

imagePrepare common size income statement for 2019 2018 and 2017

JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1) 2019 Sales to customers $ 82,059 Cost of products sold 27.556 Gross profit 54,503 Selling, marketing and administrative expenses 22,178 Research and development expense 11,355 In-process research and development (Note 5) 890 Interest income (357) Interest expense, net of portion capitalized (Note 4) 318 Other (income) expense, net 2,525 Restructuring (Note 22) 266 Earnings before provision for taxes on income 17,328 Provision for taxes on income (Note 8) 2,209 Net earnings 15,119 2018 81,581 27,091 54,490 22.540 10,775 1,126 (611) 1,005 1,405 251 17,999 2,702 15,297 2017 76,450 25.439 51,011 21,520 10,594 408 (385) 934 (42) 309 17,673 16,373 1,300 5.72 5.63 5.70 5.61 0.48 0.47 Net earnings per share (Notes 1 and 15) Basic Diluted Average shares outstanding (Notes 1 and 15) Basic Diluted 2,645.1 2,684.3 2,681.5 2,728.7 2,692.0 2,745.3

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