Profitability Indicators DU TUT U a vus upcialOIT on any cell in the project. Apply the three Profitability Indicators to evaluate J&J's profitability. Use the information in J&J's 2020 Income Statement to calculate the three Profitability Indicators. In the left-hand column enter the names of the items that will be used in the numerator and the denominator of the ratios. Enter the financial statement dollar amounts just as they are shown on the financial statements. Round the percentages to 2 decimal places. xx.xx% Fix xx.xx% Cell Formats 2020 2019 Tip: When entering the names of the financial statement items, use the terminology that is used in J&J's financial statements. These names will not be graded by the grading software, but might be graded by your instructor. Gross Profit Margin % Gross profit Sxxx.xxx $54,157 66.42% 65.58 % xx.xx% Sales to customers $82,584 Sxoxox xoxox Operating Profit Margin % Operating income Sxxx.xxx Tip: J&J does not show Operating Income on their Income Statement. Calculate J&J's Operating Income as follows: Gross profit less Selling, marketing, and administrative expenses less Research and development expense equals Operating Income % 25.55 % Sales to customers xx.xx% $82,584 Sxxx,xxx Net Profit Margin % Net Earnings Sxxx.XXX $14,714 18.42% 17.82 % xx.xx% Sales to customers $82,584 Sxocx,xoox Profitability Indicators DU TUT U a vus upcialOIT on any cell in the project. Apply the three Profitability Indicators to evaluate J&J's profitability. Use the information in J&J's 2020 Income Statement to calculate the three Profitability Indicators. In the left-hand column enter the names of the items that will be used in the numerator and the denominator of the ratios. Enter the financial statement dollar amounts just as they are shown on the financial statements. Round the percentages to 2 decimal places. xx.xx% Fix xx.xx% Cell Formats 2020 2019 Tip: When entering the names of the financial statement items, use the terminology that is used in J&J's financial statements. These names will not be graded by the grading software, but might be graded by your instructor. Gross Profit Margin % Gross profit Sxxx.xxx $54,157 66.42% 65.58 % xx.xx% Sales to customers $82,584 Sxoxox xoxox Operating Profit Margin % Operating income Sxxx.xxx Tip: J&J does not show Operating Income on their Income Statement. Calculate J&J's Operating Income as follows: Gross profit less Selling, marketing, and administrative expenses less Research and development expense equals Operating Income % 25.55 % Sales to customers xx.xx% $82,584 Sxxx,xxx Net Profit Margin % Net Earnings Sxxx.XXX $14,714 18.42% 17.82 % xx.xx% Sales to customers $82,584 Sxocx,xoox