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Find the 10-K filing and letter to shareholders of Amazon in the fiscal year 1997 and answer the following question (hint: if you cannot find

Find the 10-K filing and letter to shareholders of Amazon in the fiscal year 1997 and answer the following question (hint: if you cannot find it in SEC Edgar, try the investor relation page of Amazon website). a) What are the earnings of Amazon in 1997? What is the cash flow from the operation of Amazon in 1997? b) What are the retained earnings of Amazon in 1997? Does it surprise you? Why or why not? c) Find and read Jeff Bezos letter to shareholders in 1997, does he care more about earnings or cash flow? d) Calculate cash conversion cycle (CCC) for Amazon in 1997. You can find the details of cash conversion cycle from this article. Do you think Amazons CCC is good or bad? (Hint: you can assume accounts receivable is 0). e) If you were in 1997, would you invest in Amazon? Why or why not?

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