Describe any significant differences between the firms and suggests possible meanings for those differences. Support statements with the evidence in the tables as needed. Describe what each firm doing comparatively better or worse. Support statements with the evidence in the tables as needed. Describe any changes/improvements each firm might make. Support statements with the evidence in the tables as needed.

Assets 83,402 131,310 162,648 225,248 321,195 nventory 11,461 16,047 17,174 20,497 23,795 Equity 19,285 27,709 43,549 62,060 93,404 Revenue 135,987 177,866 232,887 280,522 386,064 COGS 88,265 111,934 139,156 165,536 233,307 Net Income 2,371 3,033 10,073 11,588 21,331 Amazon 2016 2017 2018 2019 2020 DuPont Ratios ROE 12.3% 10.9% 23.1% 18.7% 22.8% EM 4.32 4.74 3.73 3.63 3.44 ROA 2.8% 2.3% 6.2% 5.1% 6.6% TAT 1.63 1.35 1.43 1.25 1.20 PM 1.7% 1.7% 4.3% 4.1% 5.5% Other Metrics Inventory Turnover 7.70 6.98 8.10 8.08 9.80 PV FV 135,987 386,064 Periods 4 CAGR 29.8% Revenue Growth Amazon 2016 2017 2018 2019 2020 Total Net Revenues 135,987 177,866 232,887 280,522 386,064 Cost of Sales 88,265 111,934 139,156 165,536 233,307 Operating, selling, and admin expe 43,369 61,612 81,014 100,244 129,933 Other operating income/expenses 167 214 296 201 -75 Operating Income 4,186 4,106 12,421 14,541 22,899 nterest expense,net 384 646 977 768 1,092 Other income/expense -90 -346 183 -203 2,371 income before income taxes 3,892 3,806 11,261 income taxes 1,425 769 1,197 13,976 2,374 19,436 2,863 Other 96 4 -9 14 16 Net Income 2,371 3,033 10,073 11,588 16,557 Amazon 2016 2017 2018 2019 2020 Common Size Income Statement Total Net Revenues 100.0% 100.0% 100.0% 100.0% 100.0% Cost of Sales 64.9% 62.9% 59.8% 59.0% 60.4% Operating, selling, and admin expe 31.9% 34.6% 34.8% 35.7% 33.7% Other operating income/expenses 0.1% 0.1% 0.1% 0.1% 0.0% Operating Income 3.1% 2.3% 5.3% 5.2% 5.9% Interest expense.net 0.3% 0.4% 0.4% 0.3% 0.3% Other income/expense -0.1% -0.2% 0.1% -0.1% 0.6% ncome before income taxes 2.9% 2.1% 4.8% 5.0% 5.0% income taxes 1.0% 0.4% 0.5% 0.8% 0.7% Other 0.1% 0.0% 0.0% 0.0% 0.0% Net Income 1.7% 1.7% 4.3% 4.1% 4.3%