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