Question
Prepare a comprehensive analysis of Johnson & Johnsons financial performance for the year 2023. Include a detailed income statement, balance sheet, and statement of cash
Prepare a comprehensive analysis of Johnson & Johnson’s financial performance for the year 2023. Include a detailed income statement, balance sheet, and statement of cash flows using the following data: total revenue $10,000,000, cost of goods sold $4,500,000, operating expenses $3,000,000, interest expense $500,000, tax expense $700,000, beginning cash balance $500,000, cash paid for equipment $1,000,000, cash received from financing activities $1,500,000, and cash paid for dividends $300,000. Discuss the company’s profitability, liquidity, and solvency based on the analysis.
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