Amazon.com, Inc.’s financial statements are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. The complete annual reports of Amazon and Wal-Mart, including the notes to the financial statements, are available at each company’s respective website. Wal-Mart has 11,000 million shares authorized.

Instructions

a. What percentage of authorized shares was issued by Amazon at December 31, 2015, and by Wal-Mart at January 31, 2016?

b. How many shares are held as treasury stock by Amazon at December 31, 2015, and by Wal-Mart at January 31, 2016?

c. How many Amazon common shares are outstanding at December 31, 2015? How many Wal-Mart shares of common stock are outstanding at January 31, 2016?