10. What is your summary of this companys financial condition?

Amazon Balancesheet
Period Ending:	12/31/2016	%	12/31/2015	%	12/31/2014	%	12/31/2013	%
Current Assets
Cash and Cash Equivalents	$19,334,000	23.18%	$15,890,000	24.54%	$14,557,000	26.71%	$8,658,000	21.56%
Short-Term Investments	$6,647,000	7.97%	$3,918,000	6.05%	$2,859,000	5.25%	$3,789,000	9.43%
Net Receivables	$8,339,000	10.00%	$5,654,000	8.73%	$5,612,000	10.30%	$4,767,000	11.87%
Inventory	$11,461,000	13.74%	$10,243,000	15.82%	$8,299,000	15.23%	$7,411,000	18.45%
Other Current Assets	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%
Total Current Assets	$45,781,000	54.89%	$35,705,000	55.15%	$31,327,000	57.48%	$24,625,000	61.32%
Long-Term Assets
Long-Term Investments	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%
Fixed Assets	$29,114,000	34.91%	$21,838,000	33.73%	$16,967,000	31.13%	$10,949,000	27.26%
Goodwill	$3,784,000	4.54%	$3,759,000	5.81%	$3,319,000	6.09%	$2,655,000	6.61%
Intangible Assets	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%
Other Assets	$4,723,000	5.66%	$3,445,000	5.32%	$2,892,000	5.31%	$1,930,000	4.81%
Deferred Asset Charges	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%
Total Assets	$83,402,000	100.00%	$64,747,000	100.00%	$54,505,000	100.00%	$40,159,000	100.00%
Current Liabilities
Accounts Payable	$39,048,000	46.82%	$30,769,000	47.52%	$26,266,000	48.19%	$21,821,000	54.34%
Short-Term Debt / Current Portion of Long-Term Debt	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%
Other Current Liabilities	$4,768,000	5.72%	$3,118,000	4.82%	$1,823,000	3.34%	$1,159,000	2.89%
Total Current Liabilities	$43,816,000	52.54%	$33,887,000	52.34%	$28,089,000	51.53%	$22,980,000	57.22%
Long-Term Debt	$7,694,000	9.23%	$8,227,000	12.71%	$8,265,000	15.16%	$3,191,000	7.95%
Other Liabilities	$12,607,000	15.12%	$9,249,000	14.28%	$7,410,000	13.60%	$4,242,000	10.56%
Deferred Liability Charges	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%
Misc. Stocks	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%
Minority Interest	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%
Total Liabilities	$64,117,000	76.88%	$51,363,000	79.33%	$43,764,000	80.29%	$30,413,000	75.73%
Stock Holders Equity
Common Stocks	$5,000	0.01%	$5,000	0.01%	$5,000	0.01%	$5,000	0.01%
Capital Surplus	$17,186,000	20.61%	$13,394,000	20.69%	$11,135,000	20.43%	$9,573,000	23.84%
Retained Earnings	$4,916,000	5.89%	$2,545,000	3.93%	$1,949,000	3.58%	$2,190,000	5.45%
Treasury Stock	($1,837,000)	-2.20%	($1,837,000)	-2.84%	($1,837,000)	-3.37%	($1,837,000)	-4.57%
Other Equity	($985,000)	-1.18%	($723,000)	-1.12%	($511,000)	-0.94%	($185,000)	-0.46%
Total Equity	$19,285,000	23.12%	$13,384,000	20.67%	$10,741,000	19.71%	$9,746,000	24.27%
Total Liabilities & Equity	$83,402,000	100.00%	$64,747,000	100.00%	$54,505,000	100.00%	$40,159,000	100.00%

Amazon Income Statement

Period Ending:

12/31/2016

%

12/31/2015

%

12/31/2014

%

12/31/2013

%

Total Revenue

$135,987,000

100%

$107,006,000

100%

$88,988,000

100%

$74,452,000

100%

Cost of Revenue

$88,265,000

64.91%

$71,651,000

66.96%

$62,752,000

70.52%

$54,181,000

72.77%

Gross Profit

$47,722,000

35.09%

$35,355,000

33.04%

$26,236,000

29.48%

$20,271,000

27.23%

Operating Expenses

Research and Development

$0

0.0000%

$0

0.00%

$0

0.00%

$0

0.00%

Sales, General and Admin.

$43,536,000

32.01%

$33,122,000

30.95%

$26,058,000

29.28%

$19,526,000

26.23%

Non-Recurring Items

$0

0.00%

$0

0.00%

$0

0.00%

$0

0.00%

Other Operating Items

$0

0.00%

$0

0.00%

$0

0.00%

$0

0.00%

Operating Income

$4,186,000

3.08%

$2,233,000

2.09%

$178,000

0.20%

$745,000

1.00%

Add'l income/expense items

$190,000

0.14%

($206,000)

-0.19%

($79,000)

-0.09%

($98,000)

-0.13%

Earnings Before Interest and Tax

$4,376,000

3.22%

$2,027,000

1.89%

$99,000

0.11%

$647,000

0.87%

Interest Expense

$484,000

0.36%

$459,000

0.43%

$210,000

0.24%

$141,000

0.19%

Earnings Before Tax

$3,892,000

2.86%

$1,568,000

1.47%

($111,000)

-0.12%

$506,000

0.68%

Income Tax

$1,425,000

1.05%

$950,000

0.89%

$167,000

0.19%

$161,000

0.22%

Minority Interest

$0

0.00%

$0

0.00%

$0

0.00%

$0

0.00%

Equity Earnings/Loss Unconsolidated Subsidiary

($96,000)

-0.07%

($22,000)

-0.02%

$37,000

0.04%

($71,000)

-0.10%

Net Income-Cont. Operations

$2,371,000

1.74%

$596,000

0.56%

($241,000)

-0.27%

$274,000

0.37%

Net Income

$2,371,000

1.74%

$596,000

0.56%

($241,000)

-0.27%

$274,000

0.37%

Net Income Applicable to Common Shareholders

$2,371,000

1.74%

$596,000

0.56%

($241,000)

-0.27%

$274,000

0.37%

Amazon Financial Analysis
Current Ratio= CA/CL	1.04
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Amazon.com Inc.s current ratio for the quarter that ended in December 2016 was 1.04
		Quick Ratio= (CA-Inventories)/CL	0.78
Quick Ratio for 2015	0.75
Quick Ratio for 2014	0.82
Amazon's quick ratio positon for 2016 was lower than the industries typical average of 1.0, in which it was 0.82 in 2014, then declined in 2015 and increased by 0.3 in 2016. Amazon would find this ratio useful for credit analysis as stock/shareholders try to predict future stock values. Managers would also find this ratio useful to maintaining the business and get an idea of how Amazon is doing financially.
		Cash Ratio= A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	0.41
		Gross Profit Margin= Gross profit margin is calculated by subtracting cost of goods sold (COGS) from total revenue and dividing that number by total revenue. The top number in the equation, known as gross profit or gross margin, is the total revenue minus the direct costs of producing that good or service.Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Amazon.com Inc.'s gross profit margin improved from 2014 to 2015 and from 2015 to 2016.	35.09%
Operating Profit Margin= 100 Operating income Net sales = 100 4,186 135,987 = 3.08%	3.08%
Inventory Turnover= COGS/Inventories	7.70
Inventory turnover measures how fast the company turns over its inventory within a year. It is calculated as cost of goods sold divided by average inventory. Amazon.com Inc's cost of goods sold for in December 2016 was $88,265M Amazon.com Inc's average inventory in December 2016 was $11,461M. Amazon.com Inc's inventory turnover in December 2016 was 7.70
		Days Sales Outstanding (DSO)= Accounts Receivable/Daily Sales	22.38
		Days inventory indicates the number of days of goods in sales that a company has in the inventory. Amazon.com Inc's days inventory in December 2016 was 22.38
Fix Asset Turnover= Sales/Fix Asset	3.03
Total Asset Turnover= Sales/TA	0.52
Debt Ratio= Total Debt/TA	9.23%
Liabilities to Asset Ratio=TL/TA	76.88%
Time-Interest-Earned Ratio=EBIT/Interest Expense	9.04
EV / EBITDA Ratio= Enterprise Value (EV) / Earnings before interest, tax, depreciation and amortization (EBITDA)	38.25
Profit Margin = Net Income/Sales	0.05
Basic Earning Power=EBIT/Total Assets	0.05
ROA=Net Income/Total Assets	0.03
ROE=Net Income/Common Equity	13.80%
EPS=Net Income/Shares Outstanding. The net income for a period divided by the total number of shares outstanding during that period.	1.29
These ratios tell us how efficiently Amazon assets were managed for year 2016. Management makes very good use of its assets as evidenced by the total assets turnover ratio of 0.522 as compared to the industry average. Amazon's sales nearly crumpled the value of total assets, which is excellent for Amazon. We also know that Amazon just partnered with Whole Foods which could potentially increase the number of sales and shares for Amazon. Considering Amazon has basically dominated every retail outlet except for grocery. This should help the company maintain healthy free cash flows and keep investors happy.