Question: 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

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, 2013, for Amazon and for Wal-Mart at January 31, 2014.

(2) Receivables (net) at December 31, 2013, for Amazon and for Wal-Mart at January 31, 2014.

(3) Net sales (product only) for year ended in 2013 (2014 for Wal-Mart).

(4) Net income for the year ended in 2013 (2014 for Wal-Mart).

(b) What conclusions concerning these two companies can be drawn from these data?

Step by Step Solution

★★★★★

3.35 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a 1 Total assets at December 31 2013 for Amazon is 74451 million and for WalMart at January 31 2014 ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Principles IFRS Questions!

Mackenzie Plc engages in the manufacturing of small household appliances. The following are extracts from the accounting records of Mackenzie Ple at 31 December 2021 and 2020. Mackenzie Ple...

The financial statements for Williams-Sonoma, Inc., are presented in Appendix D at the end of the text. The following additional information (in thousands) is available: Accounts receivable at...

The financial statements for Home Depot are presented in Appendix E at the end of the text. a. Compute the doomsday ratio for Home Depot for 2003 and 2002. b. What conclusions can be drawn from...

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...

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...

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...

The distribution of heights of all students in a large university has a normal distribution with a mean of 66 inches and a standard deviation of 2 inches. What is the probability that the mean height...

1. An insurance company divides its customers into 2 groups. Twenty percent of customers are in the high-risk group, and eighty percent are in the low-risk group. The high-risk customers make an...

The FDIC insures bank deposits for up to $ 2 5 0 , 0 0 0 for each deposit account and examines depository institutions that offer FDIC insurance. sets the discount rate for FDIC - insured...

In year 0, Canon purchased a machine to use in its business for $56,000. In year 3, Canon sold the machine for $42,000. Between the date of the purchase and the date of the sale, Canon depreciated...

Both the gross profit method and the retail inventory method are based on averages. For each method, indicate the average used, how it is determined, and how it is applied.

Maureen Company has net sales of $400,000 and cost of goods available for sale of $300,000. If the gross profit rate is 35%, what is the estimated cost of the ending inventory ? Show computations.

E-Tech Initiatives Limited plans to issue $690, 000, 10-year, 4.50 percent bonds Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2016 Show how the bonds...

Write a Python function count _ letters ( file ) for counting letters in a text file

Intro You've estimated the following cash flows (in $) for a project: A B 1 Year Cash flow 2 0 -3,200 3 1 974 4 2 1,281 5 3 1,647 The required return is 8.5%. Attempt 1/1 for 10 pts. Part 1 What is...