Go to www.amazon.com to locate Amazon.com’s home page. Select Investor Relations at the bottom of the page. Click on SEC Filings in the left navigation menu and locate the most recent 10-K. Answer the following questions about Amazon:
1. What is Amazon’s dividend policy?
2. Where does Amazon report geographic segment information? What segments exist? What information does Amazon provide on a segment basis? Which segment is the largest? Do the segments contribute equally to Amazon’s operating income?
3. Calculate Amazon’s total-debt-to-total-assets, total-debt-to-equity, and long-term-debt-to-equity ratios for the last 2 fiscal years. For purposes of the first two ratios, define total debt as total liabilities. What is the trend? What does this suggest about Amazon’s financing policy?