Question
The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales$10,874Total assets4,495End of year balance in cash1,122Total stockholders' equity450Gross
The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.:
Net sales$10,874Total assets4,495End of year balance in cash1,122Total stockholders' equity450Gross profit (Sales Cost of Sales)2,599Net increase in cash for the year17Operating expenses2,055Net operating cash flow778Other income (expense), net(24)
Compute the income before income tax for Amazon.
Multiple Choice
- $600
- $640
- $440
- $520
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Managerial Accounting
Authors: Susan V Crosson, Belverd E Needles
9th Edition
0538742801, 9780538742801
