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Amazon.com, Inc. disclosed the following income statement figures for the year ended December 31, 2023: Item Amount (in millions) Net Sales $469,814 Cost of Sales

Amazon.com, Inc. disclosed the following income statement figures for the year ended December 31, 2023:

Item

Amount (in millions)

Net Sales

$469,814

Cost of Sales

$310,263

Gross Profit

$159,551

Operating Expenses

$133,434

Operating Income

$26,117

Interest Expense

$1,677

Income Before Taxes

$27,832

Income Tax Expense

$7,689

Net Income

$20,143

a. Compute 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 operating expenses on its profitability. d. Analyze the net income trend of Amazon.com, Inc. over the past three fiscal years.

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