Amazon.com, Inc.'s financial statements are presented in Appendix D. Click here to view Appendix D. Financial statements of Walmart Inc. are presented in Appendix E. Click here to view Appendix E The complete annual reports of Amazon and Walmart, including the notes to the financial statements, are available at each company's respective website. (a) Based on the information in these financial statements, compute the following ratios for each company for the most recent year shown. (Assume all sales are credit sales. Use net product sales" for Amazon and "net sales" for Walmart) (Round answers to 1 decimal place, e.g. 52.5. Use 365 days for calculation) Accounts receivable turnover Average collection period for receivables eTextbook and Media Save for Later Amazon Walmart times days times days Attempts: 0 of 3 used Submit Answer Net product sales Net service sales Total net sales Operating expenses: Cost of sales Fulfillment Amazon.com, Inc. Consolidated Statements of Operations (in millions, except per share data) Year Ended December 31, 2017 $118,573 2018 $141,915 2019 $160,408 59,293 90,972 120,114 177,866 232,887 280,522 111,934 139,156 165,536 25,249 34,027 40,232 Technology and content 22,620 28,837 35,931 Marketing 10,069 13,8141 18,878 General and administrative 3,674 4,336 5,203 Other operating expense (income), net 214 296 201 Total operating expenses 173,760 220,466 265,981 Operating income 4,106 12,421 14,541 Interest income 202 440 832 Interest expense Other income (expense), net Total non-operating income (expense) Income before income taxes (848) (1.417) (1,600) 346 (183) 203 (300) (1,160) (565) 3,806 11,261 13.976 Provision for income taxes Equity method investment activity, net of tax Net income Basic earnings per share Diluted earnings per share (769) (1,197) (2.374) (4) 9 (14) $ 3,033 $ 10.073 $ 11,588 5 632 6.15 $ 20.68 20.14 $ 23.46 23.01 Weighted average shares used in computation of earnings per share: Basic Diluted See accompanying notes to consolidated financial statements. 480 493 500 The following are Walmart Inc.'s financial statements as presented in the company's 2020 annual report. The complete annual report, including notes to the financial statements, is available at the company's website. (Amounts in millions, except per share data) Revenues: Net sales Walmart Inc. Consolidated Statements of Income Fiscal Years Ended January 31, 2020 2019 2018 Membership and other income Total revenues $519,926 $510,329 $495,761 4,038 4,076 4,582 523.964 514,405 500,343 Costs and expenses: Cost of sales 394,605 385,301 373,396 Operating, selling, general and administrative expenses 108.791 107.147 106,510 Operating income 20.568 21,957 20,437 Interest: Debt 2262 1.975 1,978 Finance, capital lease and financing obligations 337 371 352 Interest income (189) (217) (152) Interest, net 2,410 2,129 2,178 Loss on extinguishment of debt 3.136 Other (gains) and losses (1.958) 368 Income before income taxes 20.116 11,460 15,123 Provision for income taxes 4,915 4281 4600 Consolidated net income 15201 7379 10,523 Consolidated net income attributable to noncontrolling interest (320) (509) (661) 14381 $ 9.462 Consolidated net income attributable to Walmart Net income per common share Badc net income per cummon share attributable to Walmart Diluted net income per common share attributable to Walmart Weighted average common shares outstanding Basic Diluted Dividends declared per common share 3 522 5.19 34 329 3.28 2350 2 2,929 2,543 2.993 1010 $ 212 S 200 S 204 E-4