1. In 2018, Amazon had the total sales of $232,887 million, costs of $139,156 million, and net income of $10,073 million. What would be the percentage for costs in its 2018 common size income statement?

   		100%
   		4.33%
   		59.75%
   		7.24%

2. You conduct a common balance sheet analysis on Apple. You find that its long-term debt increased from 70.70% to 73.27% in the latest two years. How would you interpret this finding?

   		The company borrows less in long-term debt when compared to total assets in the past two years.
   		The total long-term debt went up in terms of the dollar amount over this time period.
   		The company increased its long-term debt when compared to total assets in the past two years.
   		None of the above