a) Prepare a comparative income statement with horizontal analysis, indicating the increase(decrease) for the most current year with the previous year in the chart below.

b) Summarize the comparative income statement results in one to two sentences.

c) Calculate the financial ratios below. Show your work - both the numerator and the denominator.

Amazon Comparative Income Statement Years Ended December 31 Sin millions 2020 Changs % Change 2019 280.522 Sales 386,064 233,307 165,536 152,757 114,986 129,858 100.445 Cost of Goods Sold Gross Profit Operating Expenses Operating Income Non-operating expenses Net income 22.8991 14,541 1,568 2,9531 21,331 11,588 2020 2019 132.733 96,334 Current Assets Long-Term Assets Total Assets 188.467 128 914 321,195 225.248 126,385 87.812 Current Liabilities Long Term Liabilities Total Liabilities 101,406 75 376 227,791 163,188 93,404 62060 Stockholder's Equity Total Liab & Stockholders' Equity 321,195 225,248 12:31:20 12031119 Financial ratios (Parte) Current Ratio Current Assets Current Liabilities Return on Sales Net Income Sales Return on Assets Net Income Total Assets Return on Stockholder's Equity Net Income Total Equity