Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please a conclusion for this analysis of ratios that I made with the company Johnson & Johnson Final Analysis Johnson & Johnson commom size income

Please a conclusion for this analysis of ratios that I made with the company Johnson & Johnson image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Final Analysis Johnson & Johnson commom size income statament 2016-2017 2016 2017 $71.94| 1.00 Cost of good sold | $21.64 10.30 $3.26| 0.05 $16.5410.23 100.00%! $76.48 30.08%| $25.11 4.53%|$16.37 22.99%| $ 1.30 | 1.00 0.33| 0.21 0.02 100.00% 32.83% 21.40% 1.70% Sales Tax income Net income - we can see that inspire of an increase in the sales, yet the company's net income has decreased this is because of increase in Cost of goods sold and income tax these were the amendments to be done and the analysis of the income statement Johnson &Johnson commom size inome statament 2016-2017 2016 2017 Cash Accounts receivable Accounts payable Reteined earning Total assests 4191 11.7 6.92 110.55 141.21 change 0.18 0.01 0.05-0.003 0.14 0.30 008 13.49 0.05 18.3 0.12 0.09 7.31 0.78 101.79o 157.3 0.65 Common size balance sheet shows that in 2016, the cash was 30% ofthe total assets while in 2017 it decreased to 12% only the company has stopped keeping more cash with them, this might be due to the cash management or the excess cash is being used for the expansion of the company to generate more profit We can never interpret through the figures given only like $11.7 or $13.49 in

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Buck's The Next Step Advanced Medical Coding And Auditing

Authors: Elsevier

1st Edition

0323762778, 978-0323762779

More Books

Students also viewed these Accounting questions