This case, based on the balance sheet of Amazon.com in Appendix A at the end of the

Question:

This case, based on the of Amazon.com in Appendix A at the end of the book, will familiarize you with some of the assets and liabilities of that company. Use the Amazon.com to answer the following questions.
Requirements
1. Which format does Amazon.com use?
2. Name the company’s largest current asset and largest current liability at December 31, 2009.
3. Compute Amazon’s current ratios at December 31, 2009 and 2008. Did the current ratio improve, worsen, or hold steady during 2009?
4. Under what category does Amazon report furniture, fixtures, and equipment?
5. What was the cost of the company’s fixed assets at December 31, 2009? What was the amount of accumulated depreciation? What was the book value of the fixed assets? See Note 3 for the data.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...