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Determine the amounts and ratios below using Johnson & Johnson's reported numbers. Then, recompute the amounts and ratios on a pro forma basis taking into
Determine the amounts and ratios below using Johnson & Johnson's reported numbers. Then, recompute the amounts and ratios on a pro forma basis taking into account the rested assets and labilites you calculated in part i above. For purposes of these calculations, use year-end balance sheet numbers and assume that the compan's marginal tax rate, as approximated by the combined federal and state statutory rates is 35%.
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