What is the gross profit for 2018, gross profit rate for 2018, operating income for 2018, percentage change in operating income from 2017 to 2018, and what conclusions concerning the relative profiability of the two companies can you draw from these data? For both Amazon and Walmart

Amazon.com, Ine Convolidated Statements of Cash Flows (in miltions) CASH, CASH RQUVUAENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD OPUUTTNG ACTVITIS: Net income Adjuatmenta fo reconcile net income to net cash from operating activities: Depreciation of property and equipment and other amortization, induding capitalised content costa Stock-based compensation Other operating expense, net Other expense (income), net Deferred income taxes Changes in operating assets and liabilities: Inventories Accounts receivable, net and other Accounts payable Accrued espensen and other Unearned revenue Net eash provided by (used in) operating activitiea INVESTIG ACTIITIES: Acurued expenves and other Unearned revenue Net cash provided by (used in) operatiog activities INVESTING ACTIVTTIES: Purchases of property and equipment Proceeds from property and equipment incentives Acquisitions, net of caah acquired, and other Sales and maturities of marketable securities Purchases of marketable securities Net eaah provided by (used io) inveating activities FINANCING NCTVIIIES: Proceeds from long term debt and other Repayments of long'term debt and other Principal repaymentr of capital lease obligations Principal repayments of finance lease obligations Net cash provided by (used in) financing activities Foreign currency effect on cash, cash equivalents, and restricted aah Net increase (decrease) in cash, cash equivalents, and rentricted caah CASH, CASH EQUTVA ENTS, AND RESTRICTED CASH, END OF PERIOD SUPPLEMENTAL, CASH HLOW INFORMAIION: Cash paid for interest on long-term debt Cash paid for interest on capital and finance lease obligations Cagh paid for income taxea, net of refunds Property and equipment acquired under capital leases See acoompunying notew fo consolddated finascial statemerats. Amaron.com, Inc. Consolidated Statements of Operations (in millions, except per share data) Net product sales Net nervicn sales Total net inales Operating expenses: Cost of sales Fulfillment Marketing Technology and content General and administrative Other operating expense, net Total operating expenses Operating income Interest income Interest expense Other income (expense), net Total non-operating income (expense) Income betore income taxes Interent expense Other income (expense), net Total non-operating income (expense) Income before income taxes Provision for income takes Equity-method investment activity, net of tax Net income Basic earnings per share Diluted earnings per ahare Weighted-average shares used in computation of earninga per thare: Hasic: Diluted See accompanying notes to consolidated financial ratements. Amazon.com, Ine. Consolidated Statements of Comprehensive Income (in millions) Net income Other comprehensive income (loss): Foreign carrency translation adjustments, net of tax of $(49),$5, and $6 Net chamge in unrealized gains (losked) on available-for-1ale debt securitien: Unrealized gains (losses), net of tax of $(12),$5, and so Reclassification adiostment for losses feains) included in "Other income fexpense), net." net of tax of so. so. and so Itatements, is available at the company'i webeste. Walmart Ine. Consolidated Statements of Income (Amounts in millions, except per thare data) Revenues: Net saleii Memberahip and other income Total reveaues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses Operating income Interest: Debt. Capital lease and financing obligations Interest income Interest, net Loss on extinguishment of debt Other (gains) and losses Income before income taxes. Provision for income taxes Consolidated net income Capital lease and financing obligations \begin{tabular}{l} Interest income \\ Interest, net \\ Loss on extinguishment of debt \\ Other (gains) and losses \\ Income before income taxes \\ Provision for income taxes \\ Consolidated net income \\ Consolidated net income altributable to noncontrolling interest \\ Consolidated net income attributable to Walmart \\ \hline \end{tabular} Net income per common share: Hasic net income per comunon share attributable to Walnart Diluted net income per common share attributable to Walmart Weighted-average common shares outstanding:- Blakic Diluted Dividends declared per common share 5. 2.0i Ser accompanying noten. Comparative Analysis Problem: Amazon.com, Inc. vs. Walmart Inc. CT5.3 Amazon.com, Inc.'s financial statements are presentef in Appendix D. Financial statements of Walmart Inc. are presented in Appendix E. (Use Walmart's January 31,2019 , financial statements for comparative purposes.) The complete annual reports of Amazon and Walmart, including the notes to the financial statements, are available at each company's respective website. Instructions a. Based on the information contained in these financial statements, determine each of the following for each company. Use Amazon's net product sales and Walmart's net sales to compute gross profit information. 1. Gross profit for 2018. 2. Gross profit rate for 2018. 3. Operating income for 2018. 4. Percentage change in operating income from 2017 to 2018. b. What conclusions concerning the relative profitability of the two companies can you draw from these data? Amazon.com, Ine Convolidated Statements of Cash Flows (in miltions) CASH, CASH RQUVUAENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD OPUUTTNG ACTVITIS: Net income Adjuatmenta fo reconcile net income to net cash from operating activities: Depreciation of property and equipment and other amortization, induding capitalised content costa Stock-based compensation Other operating expense, net Other expense (income), net Deferred income taxes Changes in operating assets and liabilities: Inventories Accounts receivable, net and other Accounts payable Accrued espensen and other Unearned revenue Net eash provided by (used in) operating activitiea INVESTIG ACTIITIES: Acurued expenves and other Unearned revenue Net cash provided by (used in) operatiog activities INVESTING ACTIVTTIES: Purchases of property and equipment Proceeds from property and equipment incentives Acquisitions, net of caah acquired, and other Sales and maturities of marketable securities Purchases of marketable securities Net eaah provided by (used io) inveating activities FINANCING NCTVIIIES: Proceeds from long term debt and other Repayments of long'term debt and other Principal repaymentr of capital lease obligations Principal repayments of finance lease obligations Net cash provided by (used in) financing activities Foreign currency effect on cash, cash equivalents, and restricted aah Net increase (decrease) in cash, cash equivalents, and rentricted caah CASH, CASH EQUTVA ENTS, AND RESTRICTED CASH, END OF PERIOD SUPPLEMENTAL, CASH HLOW INFORMAIION: Cash paid for interest on long-term debt Cash paid for interest on capital and finance lease obligations Cagh paid for income taxea, net of refunds Property and equipment acquired under capital leases See acoompunying notew fo consolddated finascial statemerats. Amaron.com, Inc. Consolidated Statements of Operations (in millions, except per share data) Net product sales Net nervicn sales Total net inales Operating expenses: Cost of sales Fulfillment Marketing Technology and content General and administrative Other operating expense, net Total operating expenses Operating income Interest income Interest expense Other income (expense), net Total non-operating income (expense) Income betore income taxes Interent expense Other income (expense), net Total non-operating income (expense) Income before income taxes Provision for income takes Equity-method investment activity, net of tax Net income Basic earnings per share Diluted earnings per ahare Weighted-average shares used in computation of earninga per thare: Hasic: Diluted See accompanying notes to consolidated financial ratements. Amazon.com, Ine. Consolidated Statements of Comprehensive Income (in millions) Net income Other comprehensive income (loss): Foreign carrency translation adjustments, net of tax of $(49),$5, and $6 Net chamge in unrealized gains (losked) on available-for-1ale debt securitien: Unrealized gains (losses), net of tax of $(12),$5, and so Reclassification adiostment for losses feains) included in "Other income fexpense), net." net of tax of so. so. and so Itatements, is available at the company'i webeste. Walmart Ine. Consolidated Statements of Income (Amounts in millions, except per thare data) Revenues: Net saleii Memberahip and other income Total reveaues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses Operating income Interest: Debt. Capital lease and financing obligations Interest income Interest, net Loss on extinguishment of debt Other (gains) and losses Income before income taxes. Provision for income taxes Consolidated net income Capital lease and financing obligations \begin{tabular}{l} Interest income \\ Interest, net \\ Loss on extinguishment of debt \\ Other (gains) and losses \\ Income before income taxes \\ Provision for income taxes \\ Consolidated net income \\ Consolidated net income altributable to noncontrolling interest \\ Consolidated net income attributable to Walmart \\ \hline \end{tabular} Net income per common share: Hasic net income per comunon share attributable to Walnart Diluted net income per common share attributable to Walmart Weighted-average common shares outstanding:- Blakic Diluted Dividends declared per common share 5. 2.0i Ser accompanying noten. Comparative Analysis Problem: Amazon.com, Inc. vs. Walmart Inc. CT5.3 Amazon.com, Inc.'s financial statements are presentef in Appendix D. Financial statements of Walmart Inc. are presented in Appendix E. (Use Walmart's January 31,2019 , financial statements for comparative purposes.) The complete annual reports of Amazon and Walmart, including the notes to the financial statements, are available at each company's respective website. Instructions a. Based on the information contained in these financial statements, determine each of the following for each company. Use Amazon's net product sales and Walmart's net sales to compute gross profit information. 1. Gross profit for 2018. 2. Gross profit rate for 2018. 3. Operating income for 2018. 4. Percentage change in operating income from 2017 to 2018. b. What conclusions concerning the relative profitability of the two companies can you draw from these data