Use Financial Statements

Navigate to the website of Johnson & Johnson (www.jnj.com) and locate the most recent annual report. Annual reports are usually located in a section titled Investor Relations, Investor Information, etc.

Use the annual report to find the total current assets and total current liabilities. Once you have these, compute the current ratio (and explain what it is) for JNJ for the previous two fiscal years and comment on the trend. Is the trend positive for the company and its investors? Why or why not?

Submit your completed assignment by following the directions linked below. Please check the Course Calendar for specific due dates.

Save your assignment as a Microsoft Word document. (Mac users, please remember to append the “.docx” extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below:

Jstudent_exampleproblem_101504

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