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The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales $ 10,775 Total assets 4,445 End of year
The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.:
Net sales | $ | 10,775 | |
Total assets | 4,445 | ||
End of year balance in cash | 1,108 | ||
Total stockholders' equity | 523 | ||
Gross profit (Sales Cost of Sales) | 2,497 | ||
Net increase in cash for the year | 23 | ||
Operating expenses | 2,056 | ||
Net operating cash flow | 775 | ||
Other income (expense), net | (14 | ) | |
Compute Amazon's balance in cash at the beginning of the year.
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