Johnson & Johnson's 2012 financial statements include the following items (all dollars in millions): Compute the following

Question:

Johnson & Johnson's 2012 include the following items (all dollars in millions):

Johnson & Johnson's 2012 financial statements include the following items

Compute the following ratios and comment on the trend you can observe from the limited two years of data you have available.
a. Gross profit rate.
b. Net income as a percentage of sales.
c. Current ratio?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...