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.
- Analyze the financial position of Amazon.com, Inc. based on the Current Ratio.
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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
