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Johnson & Johnson reports total revenue of $100,000,000 and total expenses of $80,000,000 for the fiscal year. Compute Johnson & Johnson's net income for the

·Johnson & Johnson reports total revenue of $100,000,000 and total expenses of $80,000,000 for the fiscal year. Compute Johnson & Johnson's net income for the period. Discuss the importance of net income in evaluating a company's financial performance.

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