The following are the simplified financial statements for Johnson and Johnson, please use them to answer the next 12 questions. All amounts are in millions. Sales Cost of products sold Gross Profit Selling, marketing and administrative expenses Research and development expense Other expense Restructuring Operating Income before taxes Income Tax Expense Net Income 2019 82,059 27,556 "54,503 22,178 12,245 2,486 266 $ 17,328 2,209 15,119 2019 2018 $ Assets Current assets Cash and cash equivalents (Notes 1 and 2) Marketable securities (Notes 1 and 2) Accounts receivable less allowances $226 (2018, $248) Inventories (Notes 1 and 3) 17,305 1,982 14,481 9,020 18,107 1,580 14,098 8,599 ON C 39 94% 4.90 JU 45,274 46,033 17,658 17,035 47.643 47,611 33,639 30,453 13,514 11,822 157,728 152,954 $ S ICPOR CAPELOU ULICI CUCIVOUS Total current assets Property, plant and equipment, net (Notes 1 and 4) Intangible assets, net (Notes 1 and 5) Goodwill (Notes 1 and 5) Other assets 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) Employee related obligations (Notes 9 and 10) Long-term taxes payable (Note 8) Other liabilities Total liabilities Commitments and Contingencies (Note 21) Shareholders' equity Capital Stock Retained earnings Total shareholders' equity Total liabilities and shareholders comity ORI 1,202 8,544 9,715 10,883 3,354 2.266 35,964 26,494 10,663 13,402 11,734 98,257 2,796 7,537 7,601 9,380 3,098 818 31,230 27,684 9,951 15,748 8,589 93,202 3,120 56,351 59,471 1572728 3,120 56,632 59,752 152.954 g 39 94% To examine Johnson and Johnson's liquidity, the calculation of the days sales in inventory for 2019 would be closest to (round to one decimal place and label your answer): Question 35 (4 points) Given the financial statements and ratios for Johnson and Johnson at the end of 2019 as given above. If the following transaction was added to the 2019 financial statements at the end of 2019, consider the impact on the indicated ratio. Johnson and Johnson purchased a building for 5,000 (in millions) by borrowing all of the amount from the bank. The return on assets/investment would: Increase Decrease Stay the same Question 36 (6.5 points) 0 39 94% 3:29 10/11 To examine Johnson and Johnson's profitability, the calculation of the return on assets/investment for 2019 would be closest to (round to one decimal place): Question 37 (4 points) Given the financial statements and ratios for Johnson and Johnson at the end of 2019 as given above. If the following transaction was added to the 2019 financial statements at the end of 2019, consider the impact on the indicated ratio. Johnson and Johnson purchased a building for 500 (in millions) by borrowing all of the amount from the bank. The profit margin would: Increase Decrease Stay the same O 194% 94% 39 me Taken:0:22:55 Rachael Ivery: Attempt 1 To examine Johnson and Johnson's liquidity, the calculation of the accounts receivable turnover for 2019 would be closest to (round to one decimal place and label your answer): Question 39 (6.5 points) To examine Johnson and Johnson's profitability, the calculation of the gross profit margin for 2019 would be closest to (round to one decimal place and label your answer): Question 40 (6.5 points) To examine Johnson and Johnson's profitability, the calculation of the profit margin for 2019 would be closest to (round to one decimal place and label your answer): Question 41 (6.5 points) At the end 10 best totalitate adita labincandelabacan bu me Taken:0:23:23 Rachael Ivery: Attempt 1 At the end of 2019, what was the total that was owed to Johnson and Johnson by customers for the purchase of Johnson's products on credit (in millions)? Question 42 (4 points) Given the financial statements and ratios for Johnson and Johnson at the end of 2019 as given above. If the following transaction was added to the 2019 financial statements at the end of 2019, consider the impact on the indicated ratio. Johnson and Johnson sold inventory that cost 200 (in millions) for $600 to customers on credit. The quick ratio would: Increase Decrease Stay the same Question 42.16 5 noints) Question 43 (6.5 points) At the end of 2019, what was the amount that Johnson and Johnson estimated would not be received from customers for the purchase of Johnson's products on credit (in millions)? Question 44 (6.5 points) To examine Johnson and Johnson's liquidity, the calculation of the current ratio for 2019 would be closest to (round to one decimal place): Question 45 (4 points) Given the financial statements and ratios for Johnson and Johnson at the end of 2019 as given above. If the following transaction was added to the 2019 financial statements at the end of 2019, consider the impact on the indicated ratio. Johnson and Johnson purchased 10,000 (in millions) of inventory on credit. The current ratio would: 93% 39