AMAZON.com inc

Balance sheet (in million $)

Year	2016	2017	Percentage change
Assets
Current Assets
Cash and Equivalents	19,334	20,522	6%
Marketable securities	6,647	10,464	57%
Inventories	11,461	16,047	40%
Accounts Receivable, net and others	8,339	13,164	58%
Total current assets	45,781	60,197	31%
Property and equipment, net	29,114	48,866	68%
Goodwill	3,784	13,350	253%
Other assets	4,723	8,897	88%
Total Assets	83,402	131,310	57%
Liabilities and equity
Accounts Payable	25,309	34,616	37%
Accrued expenses and other	13,739	18,170	32%
Unearned revenue	4,768	5,097	7%
Total current liabilities	43,816	57,883	32%
Long- term debts	7.694	24,743	222%
Other long-term liabilities	12.607	20,975	66%
Total liabilities	64,117	103,601	62%
Preferred stock, $0.01 par value :	-	-	-
Authorized shares 500	-	-	-
Issued and outstanding shares none	-	-	-
Common stock $0.01 par value	-	-	-
Authorized shares 5000	-	-	-
Issued shares 500 and 507	-	-	-
Outstanding shares 477 and 484	5	5	0%
Treasury stock	(1,837)	(1,837)	0%
Additional paid-in capital	17,186	21,389	24%
Accumulated other comprehensive loss	(985)	(484)	51%
Retained earnings	4,916	8,636	76%
Total stockholders equity	19,285	27,709	44%
Total liabilities and stockholders equity	83,402	131,310	57%
Net income	2,371	3,033	28%
ROE	12%	11%	-11%

a. using the table above What can you conclude for such a virtual company?

b.Compare between the preferred and common stock. What can you conclude from this balance sheet as for Amazon?