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

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Amazon.com, Inc. is the largest Internet retailer in the United States. Amazon’s income statements through operating income 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 operating income.

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Financial Accounting

ISBN: 9781337913102

16th Edition

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

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