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