Amazon.com, Inc.s financial statements are presented in Appendix D. Financial statements for Wal-Mart Stores, Inc. are presented
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(a) Based on the information contained in these financial statements, determine the following for Amazon at December 31, 2011, and Wal-Mart at January 31, 2012.
(1) Total current assets.
(2) Net amount of property and equipment (fixed assets), net.
(3) Total current liabilities.
(4) Total equity.
(b) What conclusions concerning these two companies can be drawn from these data?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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