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The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales $ 10,722 Total assets 4,500 End of year

The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.:

Net sales $ 10,722
Total assets 4,500
End of year balance in cash 1,084
Total stockholders' equity 522
Gross profit (Sales Cost of Sales) 2,489
Net increase in cash for the year 20
Operating expenses 2,058
Net operating cash flow 745
Other income (expense), net (21)

Compute Amazon's balance in cash at the beginning of the year.

Multiple Choice

  • $ 1,765

  • $ 1,084

  • $ 1,064

  • $ 861

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