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The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales $ 10,808 Total assets 4,386 End of year

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

Net sales $ 10,808
Total assets 4,386
End of year balance in cash 1,088
Total stockholders' equity 417
Gross profit (Sales Cost of Sales) 2,546
Net increase in cash for the year 25
Operating expenses 2,061
Net operating cash flow 779
Other income (expense), net (22 )

Compute Amazon's cost of goods sold for the year.

Multiple Choice

  • $5,165

  • $4,334

  • $7,226

  • $8,262

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