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The following are the financial highlights for Amazon for the year ended December 31, 2022: Income Statement: Net Sales: $700,000 Cost of Sales: $490,000 Operating
The following are the financial highlights for Amazon for the year ended December 31, 2022:
Income Statement:
Net Sales: $700,000
Cost of Sales: $490,000
Operating Expenses: $150,000
Income Tax: $10,000
Net Income: $50,000
Balance Sheet:
Cash: $60,000
Receivables: $110,000
Inventory: $140,000
Plant and Equipment: $290,000
Current Liabilities: $140,000
Long-term Debt: $180,000
Equity: $280,000
Determine the gross profit margin.
Calculate the debt-to-equity ratio.
Compute the return on assets (ROA).
Find the quick ratio.
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