Financial Overview for Johnson & Johnson for 2023:

Income Statement Data:

• Revenue: $82,059,000
• Cost of Goods Sold: $36,492,000
• Selling, General and Administrative: $23,752,000
• Research and Development: $12,256,000
• Interest Expense: $1,400,000
• Tax Rate:

24%

Requirements:

1. Create the Income Statement for Johnson & Johnson for 2023.
2. Calculate the Gross Profit.
3. Determine the Operating Income.
4. Compute the Net Income after taxes.
5. Analyze Johnson & Johnson's profit margin ratio.