In your position as research assistant to a portfolio manager, you need to analyze the profitability of the companies in the portfolio. Download the $5$ years of annual data from the $10$K or Annual Report of Johnson and Johnson using Power Query to clean up the data.

Your Excel spreadsheet should have all Income Statement Data, then below a table like this:

Fiscal Year$-$JNJ $20192020202120222023$

Total Revenue

Net Income

Calculate the net profit margin for each year

Calculate the compound average annual growth rates $($CAGR$)$ for revenue and net income using the GEOMEAN function. Is net income growing more slowly or faster than total revenue? Is this a positive for your investment in the company?

Calculate the average annual growth rate of total revenue using the Average function. Is this result more or less accurate than your result in the previous question? Why?

Create a column chart of total revenue and net income. Be sure to change the chart so that the x$-$axis labels contain the year numbers.

Year Revenue Net Income

$2019$

$2020$

$2021$

$2022$

$2023$Repeat problem $1,$ using Pfizer $($PFE$).$

$3.$

Which company's sales were growing faster over this $5-$year period? Which had the faster net income growth?

Which company was more profitable in $2023?$ Which was more profitable if you take a longer view? Would the volatility of the net profit margin affect your desire to invest in one company or the other?