Basic accounting - Balance, liabilities, cost and income tax calculus

Question Description

I’m studying for my class and don’t understand how to answer this. Can you help me study?

1. The following information ($ in millions) comes from a recent annual report of
Amazon.com, Inc.:

Net sales $10,711
Total assets 4,363
End of year balance in cash 1,022
Total stockholders’ equity 431
Gross profit (Sales – Cost of Sales) 2,456
Net increase in cash for the year 9
Operating expenses 2,067
Net operating cash flow 702
Other income (expense), net (12)

a. Compute Amazon’s balance in cash at the beginning of the year.
b. Compute Amazon’s total liabilities at the end of the year.
c. Compute cost of goods sold for the year.
d. Compute the income before income tax for Amazon.

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

aim2help (184)
Purdue University

I was on a very tight deadline but thanks to Studypool I was able to deliver my assignment on time.

The tutor was pretty knowledgeable, efficient and polite. Great service!

Heard about Studypool for a while and finally tried it. Glad I did caus this was really helpful.