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Amazon.com, Inc. (AMZN) is the largest Internet retailer in the United States. Amazon's income statements through operating income for two recent years are as follows
Amazon.com, Inc. (AMZN) is the largest Internet retailer in the United States. Amazon's income statements through operating income for two recent years are as follows (in millions): eBook Print Item a. Prepare a vertical analysis of the two income statements. Round percentages to one decimal place. Amazon.com, Inc. Income Statements For the Years Ended December 31 (in millions) \begin{tabular}{ccccc} \hline & Year 2 & Year 2 & Year 1 & Year 1 \\ Amount & Percent & Amount & Percent \\ \hline \end{tabular} Revenues: Product sales Service sales Total revenues Operating expenses: Cost of sales Fulfillment Technology and content Marketing General and administrative Other operating expense (income), net Total operating expenses Operating income $(165,536) %$(139,156) % (40,232) (34,027) % (35,931) (28,837) % (18,878) (13,814) % (5,203) (4,336) % (201) (296) %
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