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what is the trend in Johnson & Johnson's cost of products sold from 2009 to 2011? Figure 2.1: Johnson & Johnson statement of earnings (income
what is the trend in Johnson & Johnson's cost of products sold from 2009 to 2011? Figure 2.1: Johnson & Johnson statement of earnings (income statement) for 2011 Dollars in millions except per share figures. Sales to customers were $65,030 in 2011, $61,587 in 2010, and $61,897 in 2009. Cost of products sold were $20,360 in 2011, $18,792 in 2010, and $18,447 in 2009. Gross profit was $44,670 in 2011, $42,795 in 2010, and $43,450 in 2009. Selling, marketing, and administrative expenses were $20,969 in 2011, $19,424 in 2010, $19,801 in 2009. Research and development expenses were $7,548 in 2011, $6,844 in 2010, and $6,986 in 2009. Interest income was negative $91 in 2011, negative $107 in 2010, and negative $90 in 2009. Interest expense, net of portion capitalized, was $571 in 2011, $455 in 2010, and $451 in 2009. Other (income) expense, net was $2,743 in 2011, negative $768 in 2010, and negative $526 in 2009. Restructuring was $569 in 2011, null for 2010, and $1,073 in 2009. Provision before provisions for taxes on income was $12,361 in 2011, $16,947 in 2010, and $15,755 in 2009. Provision for taxes on income was $2,689
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