Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone help me solve this equation and talk through the steps. its been a minute since i took accounting. QUESTION ANSWER $61,587,000 Based on

Can someone help me solve this equation and talk through the steps. its been a minute since i took accounting.
image text in transcribed
QUESTION ANSWER $61,587,000 Based on Figure 2.1 (see below), how much are Johnson & Johnson's sales during 2011? Figure 2.1 Johnson & Johnson statement of earnings (income statement) for 2011 Consolidated Statements of Earnings Johnson & Johnson and Subsidiaries (Dollars in Millions Except Per Share Figures) (Note 1) $65,030,000 2011 2010 2009 $61,587 Sales to customers 565,030 61,587 61,897 Cost of products sold $65,030,000,000 20.300 18.792 18,447 Gross profit 44,670 42,795 43,450 $65,030 Selling, marketing and administrativo expenses Research and development expenses Interest income Intorout expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Provision before provisions for taxes on income Provision for taxes on income (Note 8) I DON'T KNOW YET 20,000 7,540 (01) 571 2.743 500 12.301 2,600 19.424 0.14 (107) 455 (768) 19,601 6,980 (90) 451 (520) 1,073 15.755 3,400 16,947 3,615 Net earnings $ 0,672 13,334 12,266

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using QuickBooks Online For Accounting

Authors: Glenn Owen

3rd Edition

0357391691, 9780357391693

More Books

Students also viewed these Accounting questions

Question

=+b) Why does the interns suggestion make sense?

Answered: 1 week ago

Question

Identify who may be responsible for performance appraisal.

Answered: 1 week ago

Question

Explain the performance appraisal period.

Answered: 1 week ago