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

(1) Total current assets.

(2) Net amount of property and equipment (fixed assets), net.

(3) Total current liabilities.

(4) Total equity.

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

Step by Step Solution

★★★★★

3.35 Rating (170 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a 1 Amazon Total current assets 51 322 2 Amazon Net ... 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 of Louis Vuitton are presented in Appendix F. Instructions for accessing and using the companys complete annual report, including the notes to its financial statements, are...

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...

When carbon dioxide is bubbled through a clear calcium hydroxide solution, the solution appears milky. Write an equation for the reaction and explain how this reaction illustrates that CO2 is an...

An insulated 2 m3 tank is to be charged with R-134a from a line flowing the refrigerant at 3 MPa. The tank is initially evacuated, and the valve is closed when the pressure inside the tank reaches 3...

Articulate how employment and the price level in the United States were affected during the Great Recession using the aggregate demand and aggregate supply model of the economy.

Jeraldine believes that when the 1231 look-back rule applies, the taxpayer deducts a 1231 loss in a previous year against 1231 gains in the current year. Explain whether Jeraldines description is...

The management of Clare Co. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2010, the accounting records show the following data....

Hector Inc. is a retailer operating in British Columbia. Hector uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory; the inventory is...

Fontana Co. began operations on July 1. It uses Instructions(a) Determine the ending inventory under a perpetual inventory system using (1) FIFO,(2) moving-average cost, and (3) LIFO.(b) Which...

Finer Diner claims that on any given night, the average number of tables served is 80. A food services researcher feels that this average is incorrect. The researcher selects a random sample of 64...

Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for AZ-Motorcars is 9 percent. Year AZM Mini-SUV AZF Full-SUV 0 $ 485,000 $ 835,000 1...

Help please, also if you could could you write it on paper then take a picture pleaseeee . The National Highway Traffic Safety Administration (NHTSA) performed a series of brake tests to evaluate...