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In the spreadsheet below are the income statement data and the balance sheet data for Procter & Gamble and Johnson & Johnson for the

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In the spreadsheet below are the income statement data and the balance sheet data for Procter & Gamble and Johnson & Johnson for the past three years. The two companies are compared using common-size statements for each of the three years (see Figures 14.3 and 14.4). Now calculate the financial ratios for Procter & Gamble and Johnson & Johnson, and complete the key ratios in Table 14.7 for the most recent three years. The outstanding shares for each company are given in the data table. For inventory turnover, use the cost of revenues as the cost of goods sold.

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