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Analysis and Interpretation of Profitability Balance sheets and income statements for Johnson & Johnson follow. Refer to these financial statements to answer the requirements. Sales

Analysis and Interpretation of Profitability Balance sheets and income statements for Johnson & Johnson follow. Refer to these financial statements to answer the requirements.

Sales to customers $63,747 $61,095 $53,324
Cost products sold 18,511 17,751 15,057
Gross profit 45,236 43,344 38,267
Selling, marketing and administrative expenses 21,490 20,451 17,433
Research expense 7,577 7,680 7,125
Purchase in-process research and development 181 807 559
Restructuring -- 745 --
Interest (income) (361) (452) (829)
Interest expense, net of portion capitalized 435 296 63
Other (income) expense, net (1,015) 534 (671)
28,307 30,061 23,680
Earnings before provision for taxes on income 16,929 13,283 14,587
Provision for taxes on income 3,980 2,707 3,534
Net earnings $ 12,949 $ 10,576 $ 11,503

Assets
Cash and cash equivalents $10,768 $7,770
Marketable securities 2,041 1,545
Accounts receivable trade, net 9,719 9,444
Inventories 5,052 5,110
Deferred taxes on income 3,430 2,609
Prepaid expenses and other receivables 3,367 3,467
Total current assets 34,377 29,945
Marketable securities, noncurrent 4 2
Property, Plant and equipment, net 14,365 14,185
Intangible assets, net 13,976 14,640
Goodwill, net 13,719 14,123
Deferred taxes on income 5,841 4,889
Other assets 2,630 3,170
Total assets $ 84,912 $ 80,954
Liabilities and Shareholders' Equity
Loans and notes payable $3,732 $2,463
Accounts payable 7,503 6,909
Accrued liabilities 5,531 6,412
Accrued rebates, returns and promotions 2,237 2,318
Accrued salaries, wages and commissions 1,432 1,512
Accrued taxes on income 417 223
Total current liabilities 20,852 19,837
Long-term debt 8,120 7,074
Deferred taxes on income 1,432 1,493
Employee related obligations 7,791 5,402
Other liabilities 4,206 3,829
Total liabilities 42,401 37,635
Shareholders' equity
Preferred stock-without par value (authorized and unissued 2,000,000 shares) -- --
Common stock-par value $1.00 per share 3,120 3,120
Accumulated other comprehensive income (4,955) (693)
Retained earnings 63,379 55,280
61,544 57,707
Less: common stock held in treasury, at cost 19,033 14,388
Total Shareholders' equity 42,511 43,319
Total liability and shareholders' equity $ 84,912 $ 80,954

(a) Compute net operating profit after tax (NOPAT) for 2008. Assume that the combined federal and statutory rate is: 37.1%.

Treat other (income) expense, net as non-operating. Round your answer to the nearest whole number. 2008 NOPAT = I've tried several answers, 12922, 13937, 12545, all rounded up to whole numbers.

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