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For the year ended December 31, 2023, Amazon.com, Inc. provides the following information: Item Amount ($) Sales Revenue 1 trillion Cost of Goods Sold 600

For the year ended December 31, 2023, Amazon.com, Inc. provides the following information:

Item

Amount ($)

Sales Revenue

1 trillion

Cost of Goods Sold

600 billion

Operating Expenses

300 billion

Interest Expense

20 billion

Tax Rate

25%

Required:

  • Prepare an income statement for Amazon.com, Inc. for the year ended December 31, 2023.
  • Calculate the gross profit margin percentage.
  • Determine the net income after taxes.
  • Analyze the impact of a 10% increase in operating expenses on net income.
  • Calculate earnings per share (EPS) assuming 2.5 billion shares outstanding.

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