Johnson & Johnson is the world’s largest and most broadly based healthcare company, with corporate offices in New Brunswick, New Jersey. Its common stock is listed on the New York Stock Exchange using the symbol JNJ. For Exercises 17 through 22, use the following information taken from Johnson & Johnson’s annual reports.

Using 2016 as the base period, compute a simple index of domestic sales for each year from 2017 until 2020. Interpret the trend in domestic sales.

Year	Domestic Sales ($ million)	International Sales ($ million)	Employees (thousands)
2016	37,811	34,079	126.4
2017	39,863	36,587	134.0
2018	41,884	39,697	135.1
2019	39,962	42,097	132.2
2020	43,133	39,451	135.5

Transcribed Image Text:

Year 2016 2017 2018 2019 2020 Domestic Sales ($ million) $37,811 39,863 41,884 39,962 43,133 International Sales ($ million) $34,079 36,587 39,697 42,097 39,451 Employees (thousands) 126.4 134.0 135.1 132.2 135.5