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Amazon Inc. provided the following data for the current year: Total Sales: $1,200,000,000 Cost of Sales: $800,000,000 Operating Expenses: $250,000,000 Interest Expense: $30,000,000 Tax Rate:
Amazon Inc. provided the following data for the current year:
- Total Sales: $1,200,000,000
- Cost of Sales: $800,000,000
- Operating Expenses: $250,000,000
- Interest Expense: $30,000,000
- Tax Rate: 25%
- Total Assets: $1,000,000,000
- Total Liabilities: $700,000,000
- Shareholders' Equity: $300,000,000
Requirements:
- Prepare an Income Statement for Amazon.
- Calculate the Gross Margin and Net Profit Margin.
- Determine the Return on Assets (ROA) and Return on Equity (ROE).
- Calculate the Debt-to-Equity Ratio and Interest Coverage Ratio.
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