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?