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Johnson & Johnson, a multinational corporation, has provided the following financial data for the year: Sales revenue: $82 billion Variable costs: $40 billion Fixed costs:
Johnson & Johnson, a multinational corporation, has provided the following financial data for the year:
- Sales revenue: $82 billion
- Variable costs: $40 billion
- Fixed costs: $15 billion
- Beginning inventory: $5 billion
- Ending inventory: $7 billion
- Units sold: 100 million Calculate the cost of goods sold, net income, and gross profit for Johnson & Johnson.
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