Procter & Gamble (P&G) reported total assets of $118.3 billion and total liabilities of $69.2 billion on its balance sheet. The company's total equity at the beginning of the year was $47.8 billion. During the year, P&G paid dividends of $8.9 billion to its shareholders. The company also issued new shares worth $1.5 billion and repurchased shares worth $5.6 billion. What was P&G's net income for the year 2023? Johnson & Johnson reported total revenues of $82.6 billion for the fiscal year 2022. The company's cost of goods sold was $27.9 billion, while operating expenses amounted to $30.8 billion. Interest expense for the year was $0.9 billion, and the effective tax rate was 22.8%. Johnson & Johnson also had other income of $2.1 billion. What was Johnson & Johnson's net income for the fiscal year 2022?
Procter & Gamble (P&G) reported total assets of $118.3 billion and total liabilities of $69.2 billion on its balance sheet. The company's total equity at the beginning of the year was $47.8 billion. During the year, P&G paid dividends of $8.9 billion to its shareholders. The company also issued new shares worth $1.5 billion and repurchased shares worth $5.6 billion. What was P&G's net income for the year 2023? Johnson & Johnson reported total revenues of $82.6 billion for the fiscal year 2022. The company's cost of goods sold was $27.9 billion, while operating expenses amounted to $30.8 billion. Interest expense for the year was $0.9 billion, and the effective tax rate was 22.8%. Johnson & Johnson also had other income of $2.1 billion. What was Johnson & Johnson's net income for the fiscal year 2022?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Procter & Gamble (P&G) reported total assets of $118.3 billion and total liabilities of $69.2
billion on its balance sheet. The company's total equity at the beginning of the year was $47.8
billion. During the year, P&G paid dividends of $8.9 billion to its shareholders. The company
also issued new shares worth $1.5 billion and repurchased shares worth $5.6 billion. What
was P&G's net income for the year 2023? Johnson & Johnson reported total revenues of
$82.6 billion for the fiscal year 2022. The company's cost of goods sold was $27.9 billion,
while operating expenses amounted to $30.8 billion. Interest expense for the year was $0.9
billion, and the effective tax rate was 22.8%. Johnson & Johnson also had other income of
$2.1 billion. What was Johnson & Johnson's net income for the fiscal year 2022?
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