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The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales $10,821 Total assets 4,481 End of year balance
The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: |
Net sales | $10,821 |
Total assets | 4,481 |
End of year balance in cash | 1,076 |
Total stockholders' equity | 401 |
Gross profit (Sales - Cost of Sales). | 2,497 |
Net increase in cash for the year | 19 |
Operating expenses | 2,058 |
Net operating cash flow | 650 |
Other income (expense), net | (28) |
Compute Amazon's balance in cash at the beginning of the year. |
a) | $ 1,057 |
b) | $ 1,076 |
c) | $ 827 |
d) | $ 637 |
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