Amazon.com, Inc. is the largest Internet retailer in the United States. Amazons income statements through income from

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Amazon.com, Inc. is the largest Internet retailer in the United States. Amazon’s income statements through income from operations for two recent years are as follows (in millions):

a. Prepare a vertical analysis of the two operating income statements. Round percentages to one decimal place.

b. Use the vertical analysis to explain the decrease in income from operations. 

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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