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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

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:

  1. Calculate the gross profit margin for each year.
  2. Calculate the operating profit margin for each year.
  3. Compute the net profit margin for each year.
  4. Analyze the changes in Amazon's profitability from 2021 to 2022.

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