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The income statements for Johnson & Johnson for the fiscal years 2022 and 2021 are given below. Johnson & Johnson 2022 2021 Sales $97,775 $93,775

The income statements for Johnson & Johnson for the fiscal years 2022 and 2021 are given below.

Johnson & Johnson

2022

2021

Sales

$97,775

$93,775

Cost of Goods Sold

$33,221

$31,596

Gross Profit

$64,554

$62,179

Operating Expenses

$36,908

$35,534

Net Income

$20,870

$18,854

Requirements:

  1. Calculate the gross profit margin for each year.
  2. Calculate the operating profit margin for each year.
  3. Compute the net profit margin for each year.
  4. Provide an analysis of Johnson & Johnson's financial performance over the two years.

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