Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Amazon.com, Inc. provided the following financial information for the fiscal year ending December 31, 2023: Total Revenue of $555,230 million, Cost of Goods Sold (COGS)

Amazon.com, Inc. provided the following financial information for the fiscal year ending December 31, 2023: Total Revenue of $555,230 million, Cost of Goods Sold (COGS) of $340,150 million, Operating Expenses of $135,620 million, and Net Income of $25,760 million. The company’s total assets were $467,820 million, and total equity was $213,940 million.

Questions:

  1. Calculate Amazon’s gross profit margin.
  2. Determine Amazon’s operating profit margin.
  3. Compute Amazon’s net profit margin.
  4. Calculate the return on assets (ROA) for Amazon.
  5. Compute the return on equity (ROE) for Amazon.

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

Principles Of Accounting

Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton

1st Edition

978-0077300456, 0077300459

More Books

Students also viewed these Accounting questions