Question
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 | $66,030 | $62,587 | $62,897 |
| 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% |
| 2013 | Answer% |
| 2012 | Answer% |
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Lorena Mitrione, Michaela Rankin, Keryn Chalmers, Paul D. Kimmel
3rd Edition
0730302296, 978-0730302292
