Question
Examine the balance sheet data of Amazon.com, Inc. as of December 31, 2023, presented in the table below. Answer the following questions: Metric Value (in
Examine the balance sheet data of Amazon.com, Inc. as of December 31, 2023, presented in the table below. Answer the following questions:
Metric | Value (in millions) |
Current Assets | $70,000 |
Current Liabilities | $30,000 |
Total Assets | $150,000 |
Total Liabilities | |
Shareholders' Equity | $80,000 |
Requirements:
- Calculate the Total Liabilities for Amazon.com, Inc.
- Determine the Debt-to-Asset ratio.
- Compute the Current Ratio for Amazon.com, Inc.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
