400 Part Five Payout Policy and Capital Structure You can download data for the following questions from the Yahoo! Finance website (www. finance yahoo.com). THE WEB Look up Johnson & Johnson on Yahoo! Finance. a. Recakculate book- and market-value balance sheets using the most recent available finan b. Track Johnson& Johnson's long-term debt and debt ratio over the last five years (you cial information. Use the same format as for Table 18.4 will need to go to the company's website to do this). How have they changed? Does it appear that the company has a stable target debt ratio? Do you see any evidence of pecking-order financing? e. How much has the company spent to repurchase its own shares? Would the trade -off Johnson? 400 Part Five Payout Policy and Capital Structure You can download data for the following questions from the Yahoo! Finance website (www. finance yahoo.com). THE WEB Look up Johnson & Johnson on Yahoo! Finance. a. Recakculate book- and market-value balance sheets using the most recent available finan b. Track Johnson& Johnson's long-term debt and debt ratio over the last five years (you cial information. Use the same format as for Table 18.4 will need to go to the company's website to do this). How have they changed? Does it appear that the company has a stable target debt ratio? Do you see any evidence of pecking-order financing? e. How much has the company spent to repurchase its own shares? Would the trade -off Johnson