Presented below are summary financial data from the Johnson & Johnson 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: return on equity, return on assets (levered), return on sales (levered), asset turnover, and financial leverage.

Does the company appear to be a good investment? Why or why not?

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(amounts in millions) Balance sheet Total assets Shareholders' equity Income statement Net sales Net income.. 2015 2014 $133,411 71,150 $130,358 69,752 $70,074 $74,331 15,409 16,323