Please answer the following questions.

E. Review the financial statements (Part II, Item 8) and preform the following calculations and analysis: i. Calculate the current ratio for 2019 and 2018 ii. Calculate return on Assets for 2019 and 2018 iii. Calculate return on Equity for 2019 and 2018 iv. Calculate the Accounts Receivable turnover for 2019 and 2018 V. Calculate the days in A/R for 2019 and 2018 vi. Calculate the Inventory turnover for 2019 and 2018 vii. Calculate the days in Inventory for 2019 and 2018 viii. Prepare Common Size Balance Sheets for 2019 and 2018 ix. Prepare Common Size Income Statements for 2019, 2018, and 2017. JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS At December 29, 2019 and December 30, 2018 (Dollars in Millions Except Share and Per Share Amounts) (Note 1) 19? 2019 2018 Assets Current assets $ 17,305 1.982 14,481 18,107 1.580 14,098 9,020 8,599 2,392 2,699 94 950 Cash and cash equivalents (Notes 1 and 2) Marketable securities (Notes 1 and 2) Accounts receivable trade, less allowances for doubtful accounts $226 (2018, $248) Inventories (Notes 1 and 3) Prepaid expenses and other receivables Assets held for sale (Note 20) Total current assets Property, plant and equipment, net (Notes 1 and 4) Intangible assets, net (Notes 1 and 5) Goodwill (Notes 1 and 5) Deferred taxes on income (Note 8) Other assets 46,033 45,274 17,658 17,035 47,643 33,639 7,819 47,611 30,453 7,640 5,695 4,182 157,728 152,954 $ 1,202 2,796 7,537 8,544 9,715 7,601 10,883 9,380 Total assets Liabilities and Shareholders' Equity Current liabilities Loans and notes payable (Note 7) Accounts payable Accrued liabilities Accrued rebates, returns and promotions Accrued compensation and employee related obligations Accrued taxes on income (Note 8) Total current liabilities Long-term debt (Note 7) Deferred taxes on income (Note 8) Employee related obligations (Notes 9 and 10) Long term taxes payable (Note 8) Other liabilities 3,354 3,098 2,266 818 35,964 31,230 26,494 27,684 5,958 10,663 7,506 9,951 7,444 8,242 11.734 8,589 Total liabilities 98,257 93,202 Commitments and contingencies (Note 21) Shareholders' equity Preferred stock - without par value (authorized and unissued 2,000,000 shares) Cominon stock - par value $1.00 per share (Note 12) (authorized 4,320,000,000 shares; issued 3,119,843,000 shares) Accumulated other comprehensive income (loss) (Note 13) Retained earnings 3.120 3.120 (15,891) 110,659 97,888 38,417 (15,222) 106,216 94,114 34,362 Less: common stock held in treasury, at cost (Note 12) (487,336,000 shares and 457,519,000 shares) Total shareholders' equity 59,471 59,752 Total liabilities and shareholders' equity $ 157,728 152,954 See Notes to Consolidated Financial Statements 35 JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1) 2019 2018 2017 Sales to customers $ 81,581 76,450 82,059 27,556 27,091 25,439 54,503 22,178 54,490 22,540 10.775 51,011 21,520 10,594 11,355 890 (357) 1,126 Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development (Note 5) Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Earnings before provision for taxes on income Provision for taxes on income (Note 8) 408 (611) (385) 318 1,005 934 1,405 2,525 266 (42) 309 251 17,328 17,673 17,999 2,702 2.209 16,373 Net earnings S 15,119 15,297 1,300 Net earnings per share (Notes 1 and 15) Basic 5.72 5.70 0.48 Diluted 5.63 5.61 0.47 Average shares outstanding (Notes 1 and 15) Basic 2,645.1 2,681.5 2,692.0 Diluted 2,684.3 2,728.7 2,745.3 Pg2 JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Dollars in Millions) (Note 1) 2019 15,119 2018 15.297 2017 1,300 Net earnings Other comprehensive income (loss), net of tax Foreign currency translation 164 (1.518) 1,696 159 Securities: Unrealized holding gain (loss) arising during period Reclassifications to earnings Net change (1) 1 (338) (179) Employee benefit plans: Prior service credit (cost), net of amortization Gain loss), net of amortization Effect of exchange rates Net change (18) (714) (1) (733) (56) 92 (8) 2 29 (201) (170) (107) Derivatives & hedges: Unrealized gain (loss) arising during period Reclassifications to earnings Net change (73) (192) (4) 359 355 (100) (265) Other comprehensive income (loss) (669) (1,791) 1,702 Comprehensive income $ 14,450 13.506 3,002 The tax effects in other comprehensive income for the fiscal years ended 2019, 2018 and 2017 respectively: Foreign Currency Translation; $19 million in 2019 and $236 million in 2018; Securities: $96 million in 2017, Employee Benefit Plans: $222 million, $4 million and $83 million, Derivatives & Hedges: $27 million, $70 million and $191 million. See Notes to Consolidated Financial Statements