a) What is the date of the most recent fiscal year-end? b) Determine the relative proportion of
Question:
a) What is the date of the most recent fiscal year-end?
b) Determine the relative proportion of short- and long-term assets (relative to total assets).
c) Determine the relative proportion of liabilities and equity (relative to total assets).
d) Find Amazons audit report. Who are the auditors? What is the auditors opinion regarding\ Amazons consolidated financial statements? Are any concerns raised in the report?
e) What is the market value and the book value of Amazon.com? Recall that the shares\ outstanding is total shares issued less any treasury shares. Obtain the year-end stock price from\ an investment website such as Seeking Alpha or Yahoo Finance. Compare the two and\ speculate as to why there is a difference. (Note: It will take some digging to find the year-end\ stock price rather than just the current stock price. But it is worth the trouble to find an\ historical price.)
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers