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To examine Johnson and Johnson's profitability, the calculation of the profit margin for 2019 would be closest to (round to one decimal place and label your answer): for Johnson and Johnson, please use them to answer the next 12 questions. All amounts are in millions. Other assets Total assets 13,514157,72811,822152,954 Llabilities and Shareholders' Equity Current liabilities Loans and notes payable (Note 7) Accounts payable Accrued liabiities Accrued rebates, returns and promotions Accrued compensation and employee related obligations Accrued taxes on income (Note 8) Total current liabilities Long-term debt (Note 7) Employee related obligations (Notes 9 and 10) Long-term taxes payable (Note B) Other liabilities Total liabilities Commitments and Contingencies (Note 21) Shareholders' equity Capital Stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 157,728152,954 At the end of 2019, what was the total that was owed to Johnson and Johnson by customers for the purchase of Johnson's products on credit (in millions)? Question 35 (3 points) To examine Johnson and Johnson's liquidity, the calculation of the days sales in inventory for 2019 would be closest to (round to one decimal place and label your answer): Question 36 (3 points) To examine Johnson and Johnson's liquidity, the calculation of the accounts receivable turnover for 2019 would be closest to (round to one decimal place and label your answer): Question 37 (3 points) To examine Johnson and Johnson's profitability, the calculation of the gross profit margin for 2019 would be closest to (round to one decimal place and label your answer): Given the financial statements and ratios for Johnson and Johnson at the end of 2019 as given above. If the following transaction was added to the 2019 financial statements at the end of 2019 , consider the impact on the indicated ratio. Johnson and Johnson purchased a building for 500 (in millions) by borrowing all of the amount from the bank. The profit margin would: Increase Decrease Stay the same Question 39 (3 points) To examine Johnson and Johnson's liquidity, the calculation of the current ratio for 2019 would be closest to (round to one decimal place): Given the financial statements and ratios for Johnson and Johnson at the end of 2019 as given above. If the following transaction was added to the 2019 financial statements at the end of 2019 , consider the impact on the indicated ratio. Johnson and Johnson purchased 10,000 (in millions) of inventory on credit. The current ratio would: Increase Decrease Stay the same Question 41 (2 points) Given the financial statements and ratios for Johnson and Johnson at the end of 2019 as given above. If the following transaction was added to the 2019 financial statements at the end of 2019 , consider the impact on the indicated ratio. Johnson and Johnson purchased a building for 5,000 (in millions) by borrowing all of the amount from the bank. The return on assets/investment would: Increase Decrease Stay the same To examine Johnson and Johnson's profitability, the calculation of the return on assets/investment for 2019 would be closest to (round to one decimal place): Question 43 (2 points) Saved Given the financial statements and ratios for Johnson and Johnson at the end of 2019 as given above. If the following transaction was added to the 2019 financial statements at the end of 2019 , consider the impact on the indicated ratio. Johnson and Johnson sold inventory that cost 200 (in millions) for $600 to customers on credit. The quick ratio would: Increase Decrease Stay the same Question 44 (3 points) To examine Johnson and Johnson's profitability, the calculation of the profit margin for 2019 would be closest to (round to one decimal place and label your answer): At the end of 2019, what was the amount that Johnson and Johnson estimated would not be received from customers for the purchase of Johnson's products on credit (in millions)? To examine Johnson and Johnson's profitability, the calculation of the profit margin for 2019 would be closest to (round to one decimal place and label your answer): for Johnson and Johnson, please use them to answer the next 12 questions. All amounts are in millions. Other assets Total assets 13,514157,72811,822152,954 Llabilities and Shareholders' Equity Current liabilities Loans and notes payable (Note 7) Accounts payable Accrued liabiities Accrued rebates, returns and promotions Accrued compensation and employee related obligations Accrued taxes on income (Note 8) Total current liabilities Long-term debt (Note 7) Employee related obligations (Notes 9 and 10) Long-term taxes payable (Note B) Other liabilities Total liabilities Commitments and Contingencies (Note 21) Shareholders' equity Capital Stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 157,728152,954 At the end of 2019, what was the total that was owed to Johnson and Johnson by customers for the purchase of Johnson's products on credit (in millions)? Question 35 (3 points) To examine Johnson and Johnson's liquidity, the calculation of the days sales in inventory for 2019 would be closest to (round to one decimal place and label your answer): Question 36 (3 points) To examine Johnson and Johnson's liquidity, the calculation of the accounts receivable turnover for 2019 would be closest to (round to one decimal place and label your answer): Question 37 (3 points) To examine Johnson and Johnson's profitability, the calculation of the gross profit margin for 2019 would be closest to (round to one decimal place and label your answer): Given the financial statements and ratios for Johnson and Johnson at the end of 2019 as given above. If the following transaction was added to the 2019 financial statements at the end of 2019 , consider the impact on the indicated ratio. Johnson and Johnson purchased a building for 500 (in millions) by borrowing all of the amount from the bank. The profit margin would: Increase Decrease Stay the same Question 39 (3 points) To examine Johnson and Johnson's liquidity, the calculation of the current ratio for 2019 would be closest to (round to one decimal place): Given the financial statements and ratios for Johnson and Johnson at the end of 2019 as given above. If the following transaction was added to the 2019 financial statements at the end of 2019 , consider the impact on the indicated ratio. Johnson and Johnson purchased 10,000 (in millions) of inventory on credit. The current ratio would: Increase Decrease Stay the same Question 41 (2 points) Given the financial statements and ratios for Johnson and Johnson at the end of 2019 as given above. If the following transaction was added to the 2019 financial statements at the end of 2019 , consider the impact on the indicated ratio. Johnson and Johnson purchased a building for 5,000 (in millions) by borrowing all of the amount from the bank. The return on assets/investment would: Increase Decrease Stay the same To examine Johnson and Johnson's profitability, the calculation of the return on assets/investment for 2019 would be closest to (round to one decimal place): Question 43 (2 points) Saved Given the financial statements and ratios for Johnson and Johnson at the end of 2019 as given above. If the following transaction was added to the 2019 financial statements at the end of 2019 , consider the impact on the indicated ratio. Johnson and Johnson sold inventory that cost 200 (in millions) for $600 to customers on credit. The quick ratio would: Increase Decrease Stay the same Question 44 (3 points) To examine Johnson and Johnson's profitability, the calculation of the profit margin for 2019 would be closest to (round to one decimal place and label your answer): At the end of 2019, what was the amount that Johnson and Johnson estimated would not be received from customers for the purchase of Johnson's products on credit (in millions)

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