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7. How is Amazon able to earn positive Net Income if it is not coming from its sales of products? 8. Look at each company

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7. How is Amazon able to earn positive Net Income if it is not coming from its sales of products? 8. Look at each company Income Statement and calculate their percentage change in operating income from 2018 to 2019. You find this by dividing the change in operating income from 2019 to 2018 by 2018 operating income 9. Financial decision-makers rely on a lot of information other than the financial information presented in a company's annual report when they are making decisions. It is very important for these decision makers to also stay informed about current events related to the companies they are making decisions about Search the internet for an article on either Walmart or Amazon that sounds interesting to you and that would be relevant to an investor in one of these companies. Be prepared to share what you find with the class. 10. Walmart purchases many of its inventory items from wholesalers rather than directly from manufacturers. McKesson is one of those wholesalers. Assume that on February 10, 2020, Walmart purchases 6% more inventory than it had available for sale on January 31, 2020, the last day of Walmart's 2019 fiscal year. Walmart purchases the inventory on credit from McKesson with the terms 210./30. Prepare the entries to record the hypothetical purchase on February 10, 2020 and the hypothetical payment to McKesson on February 18, 2020 ASSETS LIABILITIES EQUITY + +

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