This is a financial statement from Amazon.com, analyze the sales and the ratios you saw in class and explain what you consider important about the statement. Explain the relation between Total Net sales and the Net income, do you consider them in a good standing? AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) Year Ended December 31, 2015 2016 2017 Net product sales Net service sales Total net sales Operating expenses: Cost of sales Fulfillment Marketing S 79,268 S 94,665 S 27,738 41,322 118,573 59,293 107,006 135,987 177,866 71,651 88,265 111,934 13,410 17,619 25,249 5,254 7.233 10,069 Technology and content 12,540 16,085 22,620 General and administrative 1,747 2,432 3,674 Other operating expense, net 171 Total operating expenses 104,773 Operating income 2,233. 167 131,801 4,186 214 173,760 4,106 Interest income 50 100 202 Interest expense (459) (484) (848) Other income (expense), net Income before income taxes (256) 90 346 Total non-operating income (expense) (665) (294) (300) 1,568 3,892 3,806 Provision for income taxes (950) (1,425) (769) Equity-method investment activity, net of tax (22) (96) (4) Net income S 596 S 2,371 S 3,033 Basic earnings per share S 1.28 S 5.01 $ 6.32 Diluted earnings per share S 1.25 S 4.90 $ 6.15 Weighted-average shares used in computation of earnings per share: Basic Diluted 467 474 480 477 484 493 See accompanying notes to consolidated financial statements.