Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales $10,778 Total assets 4,408 End of year

image text in transcribed

The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales $10,778 Total assets 4,408 End of year balance in cash 1,035 Total stockholders' equity 395 Gross profit (Sales Cost of Sales) 2,540 Net increase in cash for the year 29 Operating expenses 2,050 Net operating cash flow 720 Other income (expense), net (17) Compute Amazon's total liabilities at the end of the year. Multiple Choice

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

More Books

Students also viewed these Accounting questions