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The following financial data pertains to Amazon, Inc. for the year ending December 31, 2023: Sales: $4,500,000 Cost of goods sold: $2,100,000 Operating expenses: $1,000,000


The following financial data pertains to Amazon, Inc. for the year ending December 31, 2023:

  • Sales: $4,500,000
  • Cost of goods sold: $2,100,000
  • Operating expenses: $1,000,000
  • Net income: $900,000
  • Cash: $300,000
  • Accounts receivable: $250,000
  • Inventory: $150,000
  • Property, plant, and equipment: $1,200,000
  • Accumulated depreciation: $200,000
  • Accounts payable: $180,000
  • Common stock: $2,000,000
  • Retained earnings: $500,000

Requirements:

  1. Prepare an income statement for the year ended December 31, 2023.
  2. Prepare a balance sheet as of December 31, 2023.
  3. Calculate the gross profit percentage.
  4. Determine the earnings per share if there are 100,000 shares outstanding.
  5. Compute the current ratio.

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