Question
Amazon has the following balances as of December 31, 2023: Accounts Amount ($) Cash 4,200,000 Accounts Receivable 7,600,000 Inventory 5,800,000 Accounts Payable 3,500,000 Salaries Payable
Amazon has the following balances as of December 31, 2023:
Accounts | Amount ($) |
Cash | 4,200,000 |
Accounts Receivable | 7,600,000 |
Inventory | 5,800,000 |
Accounts Payable | 3,500,000 |
Salaries Payable | 1,400,000 |
Common Stock | 15,000,000 |
Retained Earnings | 1,300,000 |
Requirements:
- Prepare a Balance Sheet for Amazon as of December 31, 2023.
- Calculate the Current Ratio.
- Determine the Working Capital.
- Analyze Amazon's liquidity position.
- Identify any potential issues Amazon might face based on the Balance Sheet.
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
