JOHNSON \& JOHNSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS At January 2, 2022 and January 3, 2021 (Dollars in Millions Exceot Share and Per Share Amounts) (Note 1) JOHNSON \& JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1) JOHNSON \& JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Dollars in Millions) (Note 1) Translation; $346 milion, $536 million and $19 million; Securitien: $1 milion in 2021, Employeo Benefit Plans: $1,198 million, \$21 million and $222 million, Derivatives \& Hedges: $263 million, $252 million and $27 million. See Notes to Conliolidatiss fiancial Statementa JOHNSON \& JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EQUITY (Dollars in Mililions) (Note 1) JOHNSON \& JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in Millions) (Note 1) Changes in assets and liabilities, net of effects from acquistions and divestitures: 1. J\&J's Fiscal 2021 year ended on what date? (mmearyyys) 2. List the name of J\&J's independent Registered Public Accounting Firm: 3. Revenue Recognition Record below when J\&J recognizes revenue from the sale of merchandise. This information can be found in the Notes to Consolidated Financial Statements under "Revenue Recognition". Use the data from J\&J's Consolidated Statements of Eamings to fill-in Fiscal 2021 below. Enter the amounts exactly as they are shown on the financial statement, which are in millions. Sales to Customers Cost of Products Sold Gross Profit Selling, Marketing and Admin Exp Research and Development Exp In-process R\&D Interest income Interest Expense, net Other (income) Expense, net Restructuring Total Expenses Earnings Before Provision for Taxes on income Provision for Taxes on income Net Earnings Net Earnings Per Share Basic * \% columns may not add-up due to rounding Enter the amounts for Fiscal 2021 for the following income statement items. Then calculate and enter the Dollar Change and the \% Change from Fiscal 2020 to Fiscal 2021. Enter the dollar amounts just as they are shown on the financial statement. Round the percentages to 2 decimal places. x0x or Use the dath from J8J's Consolidated Balance Sheels to fill in Fiscal 2021 below. Enter the amounts exactly as they are shown on the financial statement, which are in millions. Accounts Payable Accrued Liabiities Accrued Rebates, Retums and Promotions Accrued Compensation and Emp. Related Obig. Accrued Taves on Income Total Current Liabilities Long-Teif Debt Deferred Taxos on Income Employee Related Obligations Long-Term Taces Payable Other Liabities Total Liabilities \begin{tabular}{|r|r|r|r|} \hline & 0.00% & 9.43% \\ \hline & 0.00% & 13,968 & 7.99% \\ \hline 0.00% & 11,513 & 6.58% \\ \hline 0.00% & 3,484 & 1.99% \\ \hline 0.00% & 1,392 & 0.80% \\ \hline 0 & 0.00% & 42,493 & 24.30% \\ \hline & 0.00% & 32,635 & 18.66% \\ \hline & 0.00% & 7,214 & 4.12% \\ \hline & 0.00% & 10,771 & 6.16% \\ \hline & 0.00% & 6,559 & 3.75% \\ \hline & 0.00% & 11,944 & 6.83% \\ \hline 0 & 0.00% & 111,616 & 63.82% \\ \hline \end{tabular} SHAREHOLDERS' EQUITY Preterred Stock Common Stock Accumulated Other Comprohensive income (Loss) Retained Eamings Total Equity Betore Treasury Stock: Less Common Stock Heid in Treasury, at cost Total Shareholders' Equity Total Liabilities and Shareholders' Equity \%s columns may not add-up due to tounding Horizontal Analysis of the Balance Sheet For the following balance sheet items enter the amounts for Fiscal 2021, and then calculate the Dollar Change and the \% Change from 2020 to 2021. Enter the 2021 dollar amounts as shown on the financial statement, which are in millions. Round the percentages to 2 decimal places. x% Accounts Payable Apply DuPont Analysis and the Retum on Assets \%/ to evaluale J\&J's overall financial performance Use the information in J8 J's Income Statement and Balance Sheets for Fiscal 2021 and Fiscal 2020 to calculate the four DuPont Ratios and the Return on Assets %. In the left-hand column enter the names of the financial statement items that will be used in the numerator and the denominator of the ratios. Enter the financial statement dollar amounts just as they are shown on the financial statements. Round all averages to 0 decimal places - a whole number 5000,000 Round the percentages to 2 decimal places. xocooc\% Round the decimal results to 2 decimal places. x.x0 Note. Since each ratio is being rounded, it is possible that Return on Equity 96 will not exactly equal (Profitability Efficiency Leverage) Calculate each ratio separately. Do not calculate Return on Equity % by multiplying (Protitability x Etficiency x Leverage): Net Profit Margin % Johnson \& Johnson - Fiscal 2021 Pg. 7 Profitability Indicators Apply the three Profitability Indicators to evaluate J\&J's profitability. Use the information in J\&J's 2021 Income Statement to calculate the three Profitability Indicators. In the left-hand column enter the names of the items that will be used in the numerator and the denominator of the ratios. Enter the financial statement dollar amounts just as they are shown on the financial statements. Round the percentages to 2 decimal places. xx.xx% Gross Profit Margin \% Operating Profit Margin \% Apply the Efficiency Indicators to driil down into J\&.'s efficiency. Use the information in J\&.'s Income Statement and Balance Sheets for Fiscal 2021 and Fiscal 2020 to calculate the Efficiency indicators. In the left-hand column enter the names of the financial statement items that will be used in the numerator and the denominator of the ratios. Enter the financial statement dollar amounts just as they are shown on the financial statements. Round all averages to 0 decimal places - a whole number $000;000 Round the decimal results to 2 decinal places. xox.0x Accounts Payable Turnover Ratio Crop or click to pet answers and exptanations from our expert tulors Leverage Indicators (at year-end) - Interest Coverage Use the information in J\&.J 2021 Batance Sheet and income Statement to calculate the two "year end" Leverage Indicators and the Times Interest Earned Rabo, In the left-hand column enter the names of the items that will be used in the numerator and the demominator of the ratios. Enter the financial statement dollar amounts just as they are shown on the financial statements: Round the percentigys, to 2 decinal places. xx6% Round the decimal resuls to 2 decimal plices. oc. x ox Johnson \& Johnson - Fiscal 2021 Pg. 10 Liquidity Indicators Uso the information in J\&j's 2021 Balance Sheet to calculate the three Liquidity Indicators. In the lett-hand column enter the names of the items that will be used in the calmulation. Enter the finaricial statement doliat amounts just as they are shown on the Balance sheet. Round the decimal resuls to 2 decimal places. xc.x0x Working Capital Working Capital Current Ratio Statement of Cash Flows Indicators Use the information in Jr.'s 2021 Consolidated Statement of Cash Flows to calculate the three Statement of Cash Flows Indicators; In the left-hand column enter the names of the items that will be used in the calculation. Enter the financial statement dollar amounts in millions of dollars as shown on the Consolidated Statement of Cash Flows. Round the decimal results to 2 decimal places. xx (Cash Flow Adequacy Ratio) Cash Flow to Capital Expenditures Ratio Johnson \& Johnson - Fiscal 2021 Pg. 12 Equity Investor Indicators Use the information in J\&J's Consolidated Statements of Equity to calculate J\&J's Dividend Payout \%. Use J\&J's Year-End Closing Market Price of 1 Common Share and the information at the bottom of J\&J's Consolidated Statements of Earnings to calculate J\&J's PE Ratio. Use J\&J's Year-End Closing Market Price of 1 Common Share and J\&J's Consolidated Statements of Equity to calculate JreJ's Dividend Yield %. Enter the financial statement dollar amounts just as they are shown on the financial statements. Round the percentages to 2 decimal places. x0% Round the decimal results to 2 decimal places, xxx Year-End Closing Market Price of 1 Common Share The Year-End Closing Market Price of 1 share of J\&J's Common Stock is not given in J\&J's annual report. The Year-End Closing Market Price is used in the two calculations below. The last day in J\&J's 2021 fiscal year was Sunday, Jan. 2, 2022. J\&J's common stock trades on the New York Stock Exchange (NYSE) and the NYSE is not open on weekends or holidays. Thus JeJ's year-end closing price is as of Friday. Dec. 31, 2021. On Dec. 31. 2021. JeJ's common stock closed at $171.07 Enter that price in the box below. 2021 Year-End Closing Market Price of 1 Common Share: or holidays. thus JkJ's year-end closing price is as of I nday, Dec. 31,2021 . On Dec. 31, 2021, J\&J's common stock closed at $171.07 Enter that price in the box below. 2021 Year-End Closing Market Price of 1 Common. Share 1. Vertical Analysis of the income statement (Pg.Z) 1>. Which fiscal year had the hiphest Earnings Before Provision for Taxes on income in terms of total dollars? [xx ondy one answer] 202120202019 2. Which fiscal year had the hiohest Total Expenses as a %6 of Sales to Customers? [ [ x on only one answer] 202120202019 3>. Based on Gross Profit as a 96 of Sales to Customers. rank the fiscal years 2021, 2020, and 2019 in terms of which year had the highest. Place a " 1 " in the box of the hignest year, a " 2 " in the box of the second highest year, etc. 2. Horizontal Analysis of the Income Staternent (Pg.3) 1> Rank the following items in terms of which had the largest \% decrease from Fiscal 2019 to Fiscal 2020. Place a "1" in the box of the largest, a 2in the box of the second largest, etc. selling, Marketing and Gross Profit Administrative Expenses Net Earnings Net Earnings per share Basic 2> Rank the following items in terms of which had the largest 86 increase from Fiscal 2020 to Fiscal 2021. Place a 1" " in the box of the laggest, a"2 " in the box of the second largest, etc. Sales to Customers Gross Protit Earnings Before Provision for Taxes on Income Net Earnings 3. True or False? in tems of \% Change, Cost of Products Sold increased more than Sales to Customers from Fiscal 2019 to Fiscal 2020. [ x :only one answer] True False 43. True or False? In terms of \% change, from Fiscal 2020 to Fiscal 2021 cost of Products Sold increased more than Sales to customers. ( x " onty one antiver) True False 5) True or False? In terms of \% Change, Selling. Marketing and Admin Expenses had a larger increase than Net Earnings from Fiscal 2020 to Fiscal 2021. 1> For fiscal year 2021, rank the followng assets in terms of which was the largest as a % of Trital Aceofe 4. Horizontal Analysis of the Balance Sheet (Fg. 5) 17. Rark the followng icems in terms of which nad the largest % increase from Fiscal 2020 to Fiscal 2021. Place a 17 in the box of the arpess, a. 7 in the box ot the second largest, etc. Cash and Accounts Recelvable Trade. Cash Equivalents tess allowances Accounts Payable 2) Rank the following items in terms of which had the largest Dollar increase from Fiscal 2020 to Fiscal 2021. Place a " 1 " in the box of the largest, a " 2 " in the box of the second largest, etc. 6. Profitability Indicators ( Pg.7) 12 Which fiscal year, 2021 of 2020, had higher profitability based on all three Profitability Indicators? Analytical Observations 7. Efficiency indicators (Pg.8) 1> Based on both of the Accounts Receivable Efficiency Indicators, in which fiscal year, 2021 or 2020 , did Je.) more efficiently marage the Accounts Recervable asset? [xonlyoneanswer]20212020 2> Based on both of the Inventory Efficiency indicators in which fiscal year, 2021 or 2020 , did. JeJ have an item in inventory for the shortest amount of time? Ix.onlyoneancwer]20212020 3. Based on the Number of Days' Purchases in Accounts Payable, in which fiscal year, 2021 or 2020, did Jes hold on to its cash ionger betore paying the cash to vendors? 43. Which fiscal year. 2021 or 2020 , had bie beger Cash-to-Cash Cycle? [*xonlyoneanswer)20212020 5) In which fiscal yeas, 2021 or 2020. did J23 hitve the better Fixed Asset Turnover Ratio? [x+ only one angwer ] 2020 8. Leverage Indicators (at year-end) - Interest Coverage ( Pg. 9) 1> Based on the Debt \%, who had the greatest claim to J\&J's assets in Fiscal 2021? [ x " on'ly one answer ] Creditors Shareholders 2> True or False? In Fiscal 2021 more than half of 38 Js Total Assets were financed with debt? [xonlyoneanswer]TrueFalse 3> Based on the Times Interest Earned Ratio, were the creditors interest payments more secure in Fiscal 2021 or Fiscal 2020 ? [Xonlyoneanswer]20212020 9. Liquidity Indicators (Pg. 10) 1> Based on all three of the Liquidity Indicators, did Liquidity increase or decrease from Fiscal 2020 to Fiscal 2021? Liquidity Increased Liquidity Decreased Analytical Observations 10. Statement of Cash Flows Indicators (Pg.11) 1) True or False? By looking at the Cash Flow to Capital Expenditure Ratio it can be seen that J\&J was able to internaly fund the purchases of Fhed Assets in Fiscal 2021 and in Fiscal 2020. 11. Equity Investor Indicators (Pg. 12) 1> True or False? Based on the Dividend Payout of it can be seen that 3.3 paid out a larger percent of Net income, in the form of Cash Dividends. in Fiscal 2021 than in Fiscal 2020. True False 2>. Based on the Price-Earnings Ratio, in which fiscal year. 2021 or 2020 , cid investors place a higher value on Jlds eainings? 11. Equity Investor Indicators (Pg. 12) 1> True or False? Based on the Dividend Payout % it can be seen that Jaj paid out a larger percent of Net Income, in the form of Cash Dividends, in Fiscal 2021 than in Fiscal 2020. [xonlyoneanswor]TrueFalse 2> Based on the Price-Earnings Ratio, in which fiscal year, 2021 or 2020 , did investors place a higher value on jeJ's earnings? [xonlyoneanswer]20212020 3> Based on the Dividend Yield %, in which fiscal year, 2021 of 2020, did an investor in J\&.5's Common Stock earn a higher retum from the cash dividends she received on her Jaj Common Stock? 20212020 JOHNSON \& JOHNSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS At January 2, 2022 and January 3, 2021 (Dollars in Millions Exceot Share and Per Share Amounts) (Note 1) JOHNSON \& JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1) JOHNSON \& JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Dollars in Millions) (Note 1) Translation; $346 milion, $536 million and $19 million; Securitien: $1 milion in 2021, Employeo Benefit Plans: $1,198 million, \$21 million and $222 million, Derivatives \& Hedges: $263 million, $252 million and $27 million. See Notes to Conliolidatiss fiancial Statementa JOHNSON \& JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EQUITY (Dollars in Mililions) (Note 1) JOHNSON \& JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in Millions) (Note 1) Changes in assets and liabilities, net of effects from acquistions and divestitures: 1. J\&J's Fiscal 2021 year ended on what date? (mmearyyys) 2. List the name of J\&J's independent Registered Public Accounting Firm: 3. Revenue Recognition Record below when J\&J recognizes revenue from the sale of merchandise. This information can be found in the Notes to Consolidated Financial Statements under "Revenue Recognition". Use the data from J\&J's Consolidated Statements of Eamings to fill-in Fiscal 2021 below. Enter the amounts exactly as they are shown on the financial statement, which are in millions. Sales to Customers Cost of Products Sold Gross Profit Selling, Marketing and Admin Exp Research and Development Exp In-process R\&D Interest income Interest Expense, net Other (income) Expense, net Restructuring Total Expenses Earnings Before Provision for Taxes on income Provision for Taxes on income Net Earnings Net Earnings Per Share Basic * \% columns may not add-up due to rounding Enter the amounts for Fiscal 2021 for the following income statement items. Then calculate and enter the Dollar Change and the \% Change from Fiscal 2020 to Fiscal 2021. Enter the dollar amounts just as they are shown on the financial statement. Round the percentages to 2 decimal places. x0x or Use the dath from J8J's Consolidated Balance Sheels to fill in Fiscal 2021 below. Enter the amounts exactly as they are shown on the financial statement, which are in millions. Accounts Payable Accrued Liabiities Accrued Rebates, Retums and Promotions Accrued Compensation and Emp. Related Obig. Accrued Taves on Income Total Current Liabilities Long-Teif Debt Deferred Taxos on Income Employee Related Obligations Long-Term Taces Payable Other Liabities Total Liabilities \begin{tabular}{|r|r|r|r|} \hline & 0.00% & 9.43% \\ \hline & 0.00% & 13,968 & 7.99% \\ \hline 0.00% & 11,513 & 6.58% \\ \hline 0.00% & 3,484 & 1.99% \\ \hline 0.00% & 1,392 & 0.80% \\ \hline 0 & 0.00% & 42,493 & 24.30% \\ \hline & 0.00% & 32,635 & 18.66% \\ \hline & 0.00% & 7,214 & 4.12% \\ \hline & 0.00% & 10,771 & 6.16% \\ \hline & 0.00% & 6,559 & 3.75% \\ \hline & 0.00% & 11,944 & 6.83% \\ \hline 0 & 0.00% & 111,616 & 63.82% \\ \hline \end{tabular} SHAREHOLDERS' EQUITY Preterred Stock Common Stock Accumulated Other Comprohensive income (Loss) Retained Eamings Total Equity Betore Treasury Stock: Less Common Stock Heid in Treasury, at cost Total Shareholders' Equity Total Liabilities and Shareholders' Equity \%s columns may not add-up due to tounding Horizontal Analysis of the Balance Sheet For the following balance sheet items enter the amounts for Fiscal 2021, and then calculate the Dollar Change and the \% Change from 2020 to 2021. Enter the 2021 dollar amounts as shown on the financial statement, which are in millions. Round the percentages to 2 decimal places. x% Accounts Payable Apply DuPont Analysis and the Retum on Assets \%/ to evaluale J\&J's overall financial performance Use the information in J8 J's Income Statement and Balance Sheets for Fiscal 2021 and Fiscal 2020 to calculate the four DuPont Ratios and the Return on Assets %. In the left-hand column enter the names of the financial statement items that will be used in the numerator and the denominator of the ratios. Enter the financial statement dollar amounts just as they are shown on the financial statements. Round all averages to 0 decimal places - a whole number 5000,000 Round the percentages to 2 decimal places. xocooc\% Round the decimal results to 2 decimal places. x.x0 Note. Since each ratio is being rounded, it is possible that Return on Equity 96 will not exactly equal (Profitability Efficiency Leverage) Calculate each ratio separately. Do not calculate Return on Equity % by multiplying (Protitability x Etficiency x Leverage): Net Profit Margin % Johnson \& Johnson - Fiscal 2021 Pg. 7 Profitability Indicators Apply the three Profitability Indicators to evaluate J\&J's profitability. Use the information in J\&J's 2021 Income Statement to calculate the three Profitability Indicators. In the left-hand column enter the names of the items that will be used in the numerator and the denominator of the ratios. Enter the financial statement dollar amounts just as they are shown on the financial statements. Round the percentages to 2 decimal places. xx.xx% Gross Profit Margin \% Operating Profit Margin \% Apply the Efficiency Indicators to driil down into J\&.'s efficiency. Use the information in J\&.'s Income Statement and Balance Sheets for Fiscal 2021 and Fiscal 2020 to calculate the Efficiency indicators. In the left-hand column enter the names of the financial statement items that will be used in the numerator and the denominator of the ratios. Enter the financial statement dollar amounts just as they are shown on the financial statements. Round all averages to 0 decimal places - a whole number $000;000 Round the decimal results to 2 decinal places. xox.0x Accounts Payable Turnover Ratio Crop or click to pet answers and exptanations from our expert tulors Leverage Indicators (at year-end) - Interest Coverage Use the information in J\&.J 2021 Batance Sheet and income Statement to calculate the two "year end" Leverage Indicators and the Times Interest Earned Rabo, In the left-hand column enter the names of the items that will be used in the numerator and the demominator of the ratios. Enter the financial statement dollar amounts just as they are shown on the financial statements: Round the percentigys, to 2 decinal places. xx6% Round the decimal resuls to 2 decimal plices. oc. x ox Johnson \& Johnson - Fiscal 2021 Pg. 10 Liquidity Indicators Uso the information in J\&j's 2021 Balance Sheet to calculate the three Liquidity Indicators. In the lett-hand column enter the names of the items that will be used in the calmulation. Enter the finaricial statement doliat amounts just as they are shown on the Balance sheet. Round the decimal resuls to 2 decimal places. xc.x0x Working Capital Working Capital Current Ratio Statement of Cash Flows Indicators Use the information in Jr.'s 2021 Consolidated Statement of Cash Flows to calculate the three Statement of Cash Flows Indicators; In the left-hand column enter the names of the items that will be used in the calculation. Enter the financial statement dollar amounts in millions of dollars as shown on the Consolidated Statement of Cash Flows. Round the decimal results to 2 decimal places. xx (Cash Flow Adequacy Ratio) Cash Flow to Capital Expenditures Ratio Johnson \& Johnson - Fiscal 2021 Pg. 12 Equity Investor Indicators Use the information in J\&J's Consolidated Statements of Equity to calculate J\&J's Dividend Payout \%. Use J\&J's Year-End Closing Market Price of 1 Common Share and the information at the bottom of J\&J's Consolidated Statements of Earnings to calculate J\&J's PE Ratio. Use J\&J's Year-End Closing Market Price of 1 Common Share and J\&J's Consolidated Statements of Equity to calculate JreJ's Dividend Yield %. Enter the financial statement dollar amounts just as they are shown on the financial statements. Round the percentages to 2 decimal places. x0% Round the decimal results to 2 decimal places, xxx Year-End Closing Market Price of 1 Common Share The Year-End Closing Market Price of 1 share of J\&J's Common Stock is not given in J\&J's annual report. The Year-End Closing Market Price is used in the two calculations below. The last day in J\&J's 2021 fiscal year was Sunday, Jan. 2, 2022. J\&J's common stock trades on the New York Stock Exchange (NYSE) and the NYSE is not open on weekends or holidays. Thus JeJ's year-end closing price is as of Friday. Dec. 31, 2021. On Dec. 31. 2021. JeJ's common stock closed at $171.07 Enter that price in the box below. 2021 Year-End Closing Market Price of 1 Common Share: or holidays. thus JkJ's year-end closing price is as of I nday, Dec. 31,2021 . On Dec. 31, 2021, J\&J's common stock closed at $171.07 Enter that price in the box below. 2021 Year-End Closing Market Price of 1 Common. Share 1. Vertical Analysis of the income statement (Pg.Z) 1>. Which fiscal year had the hiphest Earnings Before Provision for Taxes on income in terms of total dollars? [xx ondy one answer] 202120202019 2. Which fiscal year had the hiohest Total Expenses as a %6 of Sales to Customers? [ [ x on only one answer] 202120202019 3>. Based on Gross Profit as a 96 of Sales to Customers. rank the fiscal years 2021, 2020, and 2019 in terms of which year had the highest. Place a " 1 " in the box of the hignest year, a " 2 " in the box of the second highest year, etc. 2. Horizontal Analysis of the Income Staternent (Pg.3) 1> Rank the following items in terms of which had the largest \% decrease from Fiscal 2019 to Fiscal 2020. Place a "1" in the box of the largest, a 2in the box of the second largest, etc. selling, Marketing and Gross Profit Administrative Expenses Net Earnings Net Earnings per share Basic 2> Rank the following items in terms of which had the largest 86 increase from Fiscal 2020 to Fiscal 2021. Place a 1" " in the box of the laggest, a"2 " in the box of the second largest, etc. Sales to Customers Gross Protit Earnings Before Provision for Taxes on Income Net Earnings 3. True or False? in tems of \% Change, Cost of Products Sold increased more than Sales to Customers from Fiscal 2019 to Fiscal 2020. [ x :only one answer] True False 43. True or False? In terms of \% change, from Fiscal 2020 to Fiscal 2021 cost of Products Sold increased more than Sales to customers. ( x " onty one antiver) True False 5) True or False? In terms of \% Change, Selling. Marketing and Admin Expenses had a larger increase than Net Earnings from Fiscal 2020 to Fiscal 2021. 1> For fiscal year 2021, rank the followng assets in terms of which was the largest as a % of Trital Aceofe 4. Horizontal Analysis of the Balance Sheet (Fg. 5) 17. Rark the followng icems in terms of which nad the largest % increase from Fiscal 2020 to Fiscal 2021. Place a 17 in the box of the arpess, a. 7 in the box ot the second largest, etc. Cash and Accounts Recelvable Trade. Cash Equivalents tess allowances Accounts Payable 2) Rank the following items in terms of which had the largest Dollar increase from Fiscal 2020 to Fiscal 2021. Place a " 1 " in the box of the largest, a " 2 " in the box of the second largest, etc. 6. Profitability Indicators ( Pg.7) 12 Which fiscal year, 2021 of 2020, had higher profitability based on all three Profitability Indicators? Analytical Observations 7. Efficiency indicators (Pg.8) 1> Based on both of the Accounts Receivable Efficiency Indicators, in which fiscal year, 2021 or 2020 , did Je.) more efficiently marage the Accounts Recervable asset? [xonlyoneanswer]20212020 2> Based on both of the Inventory Efficiency indicators in which fiscal year, 2021 or 2020 , did. JeJ have an item in inventory for the shortest amount of time? Ix.onlyoneancwer]20212020 3. Based on the Number of Days' Purchases in Accounts Payable, in which fiscal year, 2021 or 2020, did Jes hold on to its cash ionger betore paying the cash to vendors? 43. Which fiscal year. 2021 or 2020 , had bie beger Cash-to-Cash Cycle? [*xonlyoneanswer)20212020 5) In which fiscal yeas, 2021 or 2020. did J23 hitve the better Fixed Asset Turnover Ratio? [x+ only one angwer ] 2020 8. Leverage Indicators (at year-end) - Interest Coverage ( Pg. 9) 1> Based on the Debt \%, who had the greatest claim to J\&J's assets in Fiscal 2021? [ x " on'ly one answer ] Creditors Shareholders 2> True or False? In Fiscal 2021 more than half of 38 Js Total Assets were financed with debt? [xonlyoneanswer]TrueFalse 3> Based on the Times Interest Earned Ratio, were the creditors interest payments more secure in Fiscal 2021 or Fiscal 2020 ? [Xonlyoneanswer]20212020 9. Liquidity Indicators (Pg. 10) 1> Based on all three of the Liquidity Indicators, did Liquidity increase or decrease from Fiscal 2020 to Fiscal 2021? Liquidity Increased Liquidity Decreased Analytical Observations 10. Statement of Cash Flows Indicators (Pg.11) 1) True or False? By looking at the Cash Flow to Capital Expenditure Ratio it can be seen that J\&J was able to internaly fund the purchases of Fhed Assets in Fiscal 2021 and in Fiscal 2020. 11. Equity Investor Indicators (Pg. 12) 1> True or False? Based on the Dividend Payout of it can be seen that 3.3 paid out a larger percent of Net income, in the form of Cash Dividends. in Fiscal 2021 than in Fiscal 2020. True False 2>. Based on the Price-Earnings Ratio, in which fiscal year. 2021 or 2020 , cid investors place a higher value on Jlds eainings? 11. Equity Investor Indicators (Pg. 12) 1> True or False? Based on the Dividend Payout % it can be seen that Jaj paid out a larger percent of Net Income, in the form of Cash Dividends, in Fiscal 2021 than in Fiscal 2020. [xonlyoneanswor]TrueFalse 2> Based on the Price-Earnings Ratio, in which fiscal year, 2021 or 2020 , did investors place a higher value on jeJ's earnings? [xonlyoneanswer]20212020 3> Based on the Dividend Yield %, in which fiscal year, 2021 of 2020, did an investor in J\&.5's Common Stock earn a higher retum from the cash dividends she received on her Jaj Common Stock? 20212020