Oracle Corporation's financial figures for the year 2023:

• Sales Revenue: $290,000,000
• Cost of Goods Sold (COGS): $170,000,000
• Operating Expenses: $90,000,000
• Interest Expense: $4,000,000
• Tax Rate: 22%

Requirements:

1. Prepare an income statement for Oracle Corporation for the year 2023.
2. Calculate the gross profit.
3. Calculate the operating income.
4. Calculate the net income after taxes.
5. Determine the profit margin ratio for Oracle Corporation.

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Question 1

Amazon has the following balances as of December 31, 2023:

Accounts	Amount ($)
Cash	4,200,000
Accounts Receivable	7,600,000
Inventory	5,800,000
Accounts Payable	3,500,000
Salaries Payable	1,400,000
Common Stock	15,000,000
Retained Earnings	1,300,000

Requirements:

1. Prepare a Balance Sheet for Amazon as of December 31, 2023.
2. Calculate the Current Ratio.
3. Determine the Working Capital.
4. Analyze Amazon's liquidity position.
5. Identify any potential issues Amazon might face based on the Balance Sheet.