Question
Financial Statement Analysis Johnson & Johnson Use the Johnson & Johnson 2017 annual report to answer the following questions. You can locate the annual report
Financial Statement Analysis Johnson & Johnson Use the Johnson & Johnson 2017 annual report to answer the following questions. You can locate the annual report on Johnson & Johnsons web site or on the SECs website. a. Who signed the letter to the shareholders (include both name and title)? b. From looking at Part 1 (Segments of Business) section of the 2017 annual report, how many segments do they have and what are they? c. How many Board of Directors members are there for Johnson & Johnson? Who is their Chief Financial Officer? d. What are the six major topics that are covered in the Management Discussion and Analysis (MD&A)? e. Based upon information in the MD&A, in 2017, what percentage of earnings before provision for income taxes is attributable to each of the segments? Does this add up to 100%? If not, why not? (Note: You will need to calculate the percentages. Please do not use the percentages given.) f. Based on the financial statements, what asset has the largest balance and what is the balance? What was Johnson & Johnsons basic earnings per share (EPS) for 2017? What was its comprehensive income attributable to Johnson & Johnson in 2017? What was its operating cash flow for 2017? g. How many notes are in the Johnson & Johnson 2017 annual report? h. Please use the Footnotes to answer the following questions: Johnson & Johnson reported cash and cash equivalents on the balance sheet of $17,824 million. How much of that was cash (as opposed to cash equivalents)? Johnson & Johnson reported inventory on the balance sheet of $8,765 million. How much of that was finished goods? Johnson & Johnson reported a $16,373 million provision for income taxes on the statement of earnings. How much of that relates to US taxes? i. Who audited Johnson & Johnsons 2017 financial statements?
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