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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

  1. 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

  1. 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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