Use Johnson & Johnson’s 2019 Annual Report, 10-K, to answer the following questions. You can locate Johnson & Johnson’s financial statements on its Web site, the Securities and Exchange Commission’s Web site of company reports, or the accompanying textbook Web site.

a. From Item 1, Business, how does the management describe Johnson & Johnson’s business? What are Johnson & Johnson’s main business segments?

b. In Item 7, Management Discussion and Analysis, on the top of page 18, Johnson & Johnson decomposed its annual change in sales into three factors. What are these three factors?
c. In Item 7, Management Discussion and Analysis, starting on page 24, Johnson & Johnson provides an analysis of Income Before Tax by Segment. Which business segment or segments show increasing income before tax?

d. In Item 7, Management Discussion and Analysis, on page 27, Johnson & Johnson begins to discuss Liquidity and Capital Resources. From the first paragraph in Liquidity and Capital Resources, what are Johnson & Johnson’s primary sources and uses of cash?

e. In Item 7, Management Discussion and Analysis, on pages 29–32, Johnson & Johnson discusses its Critical Accounting Policies and Estimates. What accounting topics does it discuss?

f. How many notes are in Johnson & Johnson’s financial statements?

g. What accounting firm performed Johnson & Johnson’s independent audit?

h. Who signed Johnson & Johnson’s Management’s report on internal control over financial reporting?