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    Gross Profit Margin For Each Year

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    Johnson & Johnson reported the following revenue and cost of goods sold information in its 10-K report for 2006, 2007, and 2008.

    $ millions 2008 2007 2006
    Sales to customers $63,747 $61,095 $63,324
    Cost of products sold 18,511 17,751 15,057

    Compute Johnson & Johnson's gross profit margin for each year.

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    https://brainmass.com/math/consumer-mathematics/gross-profit-margin-each-year-542762

    Solution Preview

    Gross profit margin = profit / revenue

    ...

    Solution Summary

    The gross profit margin for the company is calculated given the relevant data.

    $2.19