1. : Johnson & Johnson reported the following income statement figures for the year ended December 31, 2023:
   • Net Sales: $80,000,000
   • Cost of Goods Sold: $40,000,000
   • Operating Expenses: $20,000,000
   • Other Income: $6,000,000
   • Interest Expense: $2,000,000
   • Income Tax Expense: $10,000,000
   • Net Income: $14,000,000

a. Calculate Johnson & Johnson's Gross Profit Margin and Operating Profit Margin. b. Determine Johnson & Johnson's Return on Assets (ROA) and Return on Equity (ROE). c. Discuss how changes in Johnson & Johnson's operating expenses could impact its profitability ratios. d. Analyze the effective tax rate of Johnson & Johnson and its implications for shareholders. e. Evaluate Johnson & Johnson's earnings per share (EPS) based on the provided net income and number of outstanding shares.