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 $3,907
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.1DC
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10. The following information ($ 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 |
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
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