Amazon.com Inc.s financial statements are presented in Appendix D. Financial statements for Wal-Mart Stores, Inc. are presented

Question:

Amazon.com Inc.’s financial statements are presented in Appendix D. Financial statements for Wal-Mart Stores, Inc. are presented in Appendix E. Instructions for accessing and using the complete annual reports of Amazon and Wal-Mart, including the notes to the financial statements, are also provided in Appendices D and E, respectively.

Instructions

(a) At December 31, 2011, what was Amazon’s largest current liability account? What were its total current liabilities? At January 31, 2012, what was Wal-Mart’s largest current liability account? What were its total current liabilities?

(b) Based on information in these financial statements, compute the following 2011 values for Amazon and 2012 values for Wal-Mart:

(1) Working capital.

(2) Current ratio.

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...