Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Amazon.com, Inc. disclosed the following income statement figures for the year ended December 31, 2023. Net sales amounted to $469,814 million, with a cost of

Amazon.com, Inc. disclosed the following income statement figures for the year ended December 31, 2023. Net sales amounted to $469,814 million, with a cost of sales of $310,263 million, resulting in a gross profit of $159,551 million. Operating expenses totaled $133,434 million, leading to an operating income of $26,117 million. After accounting for interest expenses of $1,677 million and income tax expenses of $7,689 million, Amazon.com, Inc. reported a net income of $20,143 million.

a. Calculate Amazon.com, Inc.'s gross profit margin. b. Determine the operating income margin for Amazon.com, Inc. c. Discuss the impact of Amazon.com, Inc.'s interest expense on its profitability. d. Analyze the effective tax rate of Amazon.com, Inc. and its implications for investors.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.

9th Canadian Edition, Volume 2

470964731, 978-0470964736, 978-0470161012

More Books

Students also viewed these Accounting questions

Question

How did the plague contribute to the Renaissance?

Answered: 1 week ago