Johnson & Johnson reported the following financial figures for the fiscal year ending December 31, 2023: Total Revenue of $95,460 million, Operating Expenses of $72,350 million, and Net Income of $18,710 million. The company’s total assets were $237,540 million, and total equity was $120,890 million.

Questions:

1. Calculate Johnson & Johnson’s operating profit margin.
2. Compute Johnson & Johnson’s net profit.