6. Johnson & Johnson reported the following financial information for the year ending December 31, 2023:

Item	Amount (in $ millions)
Total Revenue	94,567
Cost of Goods Sold	34,789
Operating Expenses	45,621
Net Income	12,567

7. Calculate Johnson & Johnson's gross profit margin, operating profit margin, and net profit margin. Interpret these margins and discuss their implications for the company's financial performance and profitability.