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

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Amazon.com, Inc.'s financial statements are presented in Appendix D. Financial statements of 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) Based on the information contained in these financial statements, determine the following for each company.
(1) Total assets at December 31, 2015, for Amazon and for Wal-Mart at January 31, 2016.
(2) Receivables (net) at December 31, 2015, for Amazon and for Wal-Mart at January 31, 2016.
(3) Net sales (product only) for the year ended in 2015 (2016 for Wal-Mart).
(4) Net income for the year ended in 2015 (2016 for Wal-Mart).
(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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Accounting Principles

ISBN: 978-1119411482

13th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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