Amazon.com, Inc.'s financial statements are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented
Question:
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.
Instructions
a. Based on the information contained in these financial statements, determine the following for Amazon at December 31, 2015, and Wal-Mart at January 31, 2016.
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?
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Step by Step Answer:
Financial and Managerial Accounting
ISBN: 978-1119392132
3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso