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Company: Johnson & Johnson Johnson & Johnson disclosed the following financial information for the year ending December 31, 2023: Total Revenue: $300 billion Cost of

ยทCompany: Johnson & Johnson

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

  • Total Revenue: $300 billion
  • Cost of Goods Sold (COGS): $150 billion
  • Operating Expenses: $80 billion
  • Other Income: $10 billion
  • Tax Expense: $30 billion

a) Calculate the gross profit. b) Determine the operating profit. c) Compute the net profit before tax. d) Calculate the net profit after tax, assuming a tax rate of 20%.

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