The following information ($ in millions) comes from a recent annual report of Amazon, Inc.:Net sales

The following information ($ in millions) comes from a recent annual report of Amazon, Inc.: Net sales $10,724
Total assets 4,404
End of year balance in cash 1,082
Total stockholders' equity 350
Gross profit (Sales - Cost of Sales). 2,652
Net increase in cash for the year 24
Operating expenses 2,054
Net operating cash flow 746
Other income (expense), net (25)

Required:
a. Compute Amazon's balance in cash at the beginning of the year.
b. Compute Amazon's total liabilities at the end of the year.
c. Compute cost of goods sold for the year.
d. Compute the income before income tax for Amazon.

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This Post Has 4 Comments

  1. hi there, i would say your answer is:

    b. there is a fixed quantity of resources and technology available.

    hope that : )

  2. you can put this in your 11 sentence summary

    " most of the money would be invested in innovation, economic convergence."

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