The following are the income statements of Amazon.com, Inc. for the years ended December 31, 2022, and
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Question:
The following are the income statements of Amazon.com, Inc. for the years ended December 31, 2022, and 2021.
Amazon.com, Inc. | 2022 | 2021 |
Sales | $469,822 | $386,064 |
Cost of Goods Sold | $281,795 | $233,307 |
Gross Profit | $188,027 | $152,757 |
Operating Expenses | $110,824 | $88,234 |
Net Income | $33,364 | $21,331 |
Requirements:
- Calculate the gross profit margin for each year.
- Calculate the operating profit margin for each year.
- Compute the net profit margin for each year.
- Analyze the changes in Amazon's profitability from 2021 to 2022.
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