The fi nancial statements of Amazon.com, Inc. are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E.

Instructions

(a) Based on the information in the fi nancial statements, determine each of the following LO15 for each company:

(1) The percentage increase (i) in net sales and (ii) in net income from 2013 to 2014.

(2) The percentage increase (i) in total assets and (ii) in total stockholders’ equity from 2013 to 2014.

(3) The basic earnings per share for 2014.

(b) What conclusions concerning the two companies can be drawn from these data?

INTERPRETING FINANCIAL STATEMENTS