Financial Ratios - Johnson & Johnson

Johnson & Johnson has provided the following financial data for the fiscal year ended December 31, 2023:

• Total Assets: $187,645 million
• Total Liabilities: $80,922 million
• Net Income: $24,853 million
• Total Revenue: $91,768 million
• Total Expenses: $66,915 million
• Average Shareholders' Equity: $106,723 million

Calculate the following financial ratios for Johnson & Johnson:

a) Return on Assets (ROA) b) Return on Equity (ROE) c) Debt-to-Equity Ratio d) Gross Profit Margin e) Net Profit Margin

Interpret each ratio and discuss the financial performance of Johnson & Johnson based on these ratios.