1. Calculate the Current Ratio, Quick Ratio, and Return on Equity (ROE) for Johnson & Johnson based on the provided financial data for the year ended December 31, 2023.
2. Interpret the ratios.
3. Assess the company's liquidity and profitability.

Item	Amount ($)
Current Assets	700,000
Inventory	250,000
Current Liabilities	350,000
Total Assets	2,200,000
Total Liabilities	900,000
Net Income	300,000
Shareholders' Equity	1,300,000

Question:

Using the given data, calculate the Current Ratio, Quick Ratio, and Return on Equity (ROE) for Johnson & Johnson for the year ended December 31, 2023. Provide an interpretation for each ratio and assess the company's liquidity and profitability.