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Johnson & Johnson reported the following financial information for the year ending December 31, 2023: Total Revenue: $150 billion Cost of Goods Sold (COGS): $60

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

  • Total Revenue: $150 billion
  • Cost of Goods Sold (COGS): $60 billion
  • Operating Expenses: $40 billion
  • Other Income: $5 billion
  • Tax Expense: $20 billion

a) Calculate the gross profit. b) Determine the operating profit. c) Compute the net profit before tax. d) Calculate the net profit after tax, assuming a tax rate of 18%.

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