ales	82,059
Cost of products sold	27,556
Gross Profit	54,503
Selling, marketing and administrative expenses	22,178
Research and development expense	12,245
Other expense	2,486
Restructuring	266
Operating Income before taxes	$ 17,328
Income Tax Expense	2,209
Net Income	15,119
	2019		2018
Assets
Current assets
Cash and cash equivalents (Notes 1 and 2)	$ 17,305		18,107
Marketable securities (Notes 1 and 2)	1,982		1,580
Accounts receivable less allowances $226 (2018, $248)	14,481		14,098
Inventories (Notes 1 and 3)	9,020		8,599
Prepaid expenses and other receivables	2,486		3,649
Total current assets	45,274		46,033
Property, plant and equipment, net (Notes 1 and 4)	17,658		17,035
Intangible assets, net (Notes 1 and 5)	47,643		47,611
Goodwill (Notes 1 and 5)	33,639		30,453
Other assets	13,514		11,822
Total assets	$ 157,728		152,954
Liabilities and Shareholders Equity
Current liabilities
Loans and notes payable (Note 7)	$ 1,202		2,796
Accounts payable	8,544		7,537
Accrued liabilities	9,715		7,601
Accrued rebates, returns and promotions	10,883		9,380
Accrued compensation and employee related obligations	3,354		3,098
Accrued taxes on income (Note 8)	2,266		818
Total current liabilities	35,964		31,230
Long-term debt (Note 7)	26,494		27,684
Employee related obligations (Notes 9 and 10)	10,663		9,951
Long-term taxes payable (Note 8)	13,402		15,748
Other liabilities	11,734		8,589
Total liabilities	98,257		93,202
Commitments and Contingencies (Note 21)
Shareholders equity
Capital Stock	3,120		3,120
Retained earnings	56,351		56,632
Total shareholders equity	59,471		59,752
Total liabilities and shareholders equity	$ 157,728		152,954

377- To examine Johnson and Johnson's liquidity, the calculation of the current ratio for 2019 would be closest to (round to one decimal place):

388- 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):

399- 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)?