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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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