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Calculating Gross Profit Margin Johnson & Johnson reported the following revenue and cost of goods sold information in its 10-K report for 2014, 2013, and
Calculating Gross Profit Margin Johnson & Johnson reported the following revenue and cost of goods sold information in its 10-K report for 2014, 2013, and 2012. $ millions 2014 2013 2012 Sales to customers $66,430 $62,987 $63,297 Cost of products sold 20,360 18,792 18,447 Compute Johnson & Johnsons gross profit margin for each year. (Round your answers to one decimal place.) 2014 Answer 0 2013 Answer 0 2012 Answer 0
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