The Company is Amazon and fiscal year $2022.$ Report the following for your company:

Does your company use average cost, FIFO, or LIFO as its inventory cost flow assumption?

Calculate the gross profit ratio and the inventory turnover ratio for the years' presented in the annual report.

Compare your company's ratios with the industry averages for your industry using the following website All Industries: industry financial ratios benchmarking $($readyratios$.$com$)$

Determine whether these ratios indicate the company is more or less profitable and sells its inventory more or less frequently compared to the industry average.