Question
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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