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