55. Company: Johnson & Johnson

Johnson & Johnson disclosed the following financial data for the year ending December 31, 2023:

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    • Total Assets: $600 billion
    • Total Liabilities: $200 billion
    • Shareholders' Equity: $400 billion

a) Calculate the debt-to-equity ratio. b) Determine the return on assets (ROA), assuming the net income for the year is $60 billion. c) Compute the return on equity (ROE), assuming the net income for the year is $60 billion.