Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Produce an income statement for the year ending December 31, based on the financial statement data shown below. Amazon.com, Inc Income Statement (in millions) For
Produce an income statement for the year ending December 31, based on the financial statement data shown below.
Amazon.com, Inc
Income Statement (in millions)
For the year ended December 31, 2018
In millions
1. Accounts payable $16,459
2. Accounts receivable $5,612
3. Cash $14,557
4. Cost of sales $62,752
5. Income tax expense $167
6. Interest expense $210
7. Inventories $8,299
8. Net cash provided by operating activities $6,842
9. Net cash flows used for investing activities ($5,065)
10.Net sales $88,988
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started