Amazon.com, Inc.s financial statements are presented in Appendix D. Financial statements of Walmart Inc. are presented in
Question:
Amazon.com, Inc.’s financial statements are presented in Appendix D. Financial statements of Walmart Inc. are presented in Appendix E. The complete annual reports of Amazon and Walmart, including the notes to the financial statements, are available at each company’s respective website.
Instructions
a. Based on the information contained in these financial statements, determine the following for each company.
1. Total assets at December 31, 2018, for Amazon and for Walmart at January 31, 2019.
2. Receivables (net) at December 31, 2018, for Amazon and for Walmart at January 31, 2019.
3. Net sales (product only) for year ended in 2018 (2019 for Walmart).
4. Net income for the year ended in 2018 (2019 for Walmart).
b. What conclusions concerning these two companies can be drawn from these data?
Step by Step Answer:
Financial Accounting
ISBN: 9781119594598
11th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso