Amazon.com, Inc.'s financial statements are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented
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(a) Based on the information contained in these financial statements, determine the following for each company.
(1) Total assets at December 31, 2015, for Amazon and for Wal-Mart at January 31, 2016.
(2) Receivables (net) at December 31, 2015, for Amazon and for Wal-Mart at January 31, 2016.
(3) Net sales (product only) for the year ended in 2015 (2016 for Wal-Mart).
(4) Net income for the year ended in 2015 (2016 for Wal-Mart).
(b) What conclusions concerning these two companies can be drawn from these data?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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