The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales $ 10,790 Total assets 4,412 End of year balance in cash 1,174 Total stockholders' equity 505 Gross profit (Sales − Cost of Sales) 2,506 Net increase in cash for the year 11 Operating expenses 2,050 Net operating cash flow 715 Other income (expense), net (30 ) Compute Amazon's total liabilities at the end of the year. Multiple Choice $2,394 $4,556 $4,412 $3,907

The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales $ 10,790 Total assets 4,412 End of year balance in cash 1,174 Total stockholders' equity 505 Gross profit (Sales − Cost of Sales) 2,506 Net increase in cash for the year 11 Operating expenses 2,050 Net operating cash flow 715 Other income (expense), net (30 ) Compute Amazon's total liabilities at the end of the year. Multiple Choice $2,394 $4,556 $4,412 $3,907

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Splish Brothers Inc. has the following income statement (in millions): SPLISH BROTHERS INC.Income StatementFor the Year Ended December 31, 2023 Net Sales $250 Cost of Goods Sold 175 Gross Profit 75 Operating Expenses 50 Net Income $ 25 Using vertical analysis, what percentage is assigned to net income?
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Single-Step Income Statement The following selected accounts and their current balances appear in the ledger of Prescott Inc. for the fiscal year ended September 30, 20Y8: Cash $187,875 Retained Earnings $ 571,050 Accounts Receivable 337,500 Dividends 281,250 Inventory 855,000 Sales 8,025,750 Estimated Returns Inventory 78,750 Cost of Goods Sold 4,893,750 Office Supplies 33,750 Sales Salaries Expense 874,800 Prepaid Insurance 27,000 Advertising Expense 103,275 Office Equipment 259,200 Depreciation Expense— Store Equipment 18,675 Accumulated Depreciation— Office Equipment 111,375 Miscellaneous Selling Expense 4,500 Store Equipment 1,150,875 Office Salaries Expense 174,150 Accumulated Depreciation— Store Equipment 420,075 Rent Expense 89,775 Accounts Payable 109,350 Insurance Expense 51,638 Customer Refunds Payable 78,750 Depreciation Expense— Office Equipment 36,450…

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Net sales	$	10,790
Total assets		4,412
End of year balance in cash		1,174
Total stockholders' equity		505
Gross profit (Sales − Cost of Sales)		2,506
Net increase in cash for the year		11
Operating expenses		2,050
Net operating cash flow		715
Other income (expense), net		(30	)