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.© BrainMass Inc. brainmass.com October 10, 2019, 6:24 am ad1c9bdddf
Gross profit margin = profit / revenue
The gross profit margin for the company is calculated given the relevant data.