for amazon

Receivables 1. 2. Look in the Notes to the Financial Statements. What type of receivables does this company have? Imagine that this company makes a sale of its product. Describe a possible sales transaction and list the journal entry that the company would make to recognize the sale (assume the sale is on account.) For this assignment, ignore the cost of goods sold entry. 3. What do you know about the company's Allowance for Uncollectible Accounts? What name does the company call its allowance? Where in your company's 10-K do you find this information? 4. What is the gross amount of the company's receivables? What percentage of this gross is its allowance? Calculate and interpret these ratios for two years (show your calculations): 5. 1. Current ratio 2. Quick ratio 6. Calculate and interpret these ratios for one year, assuming all sales are on credit (show your calculations): 1. Accounts Receivable Turnover 2 Receivable Collection Period Inventory 1. On which financial statement do you find Inventory? List the page number from the most recent Form 10-K where you found Inventory for your company. How much does the company have in Inventory at the end of the most recent fiscal year? Is this inventory dollar amount in thousands, millions, or billions? 2 On which financial statement do you find Cost of goods sold (or Cost of sales)? List the page number from the most recent Form 10-K where you found Cost of goods sold for your company. What was Cost of Goods Sold for the most recent year? Is this Cost of Goods Sold dollar amount in thousands, millions, or billions? 3. What cost flow assumption method(s) does the company use for its inventories? Where did you find this information? What do you know about the lower of cost or market related to inventories at the company? 4. 5. Calculate the gross profit percentage for the company for the two most recent years. What does this ratio mean? 6. Calculate and interpret the inventory turnover ratio for the most recent fiscal year. D.. 3456 CASIL CAS EQUIVALENTS AND RESTRICTED CASEGINNING OF PERIOD OPERATING ACTIVITION fing wi Ad VESTING ACTIVITION property and supp Not a gred by a FINANCING ACTIVITIES Pond Fr Repaym Prof Sof operating inten AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in milli) 2017 32,173 11,348 21,799 68M4 164 (24 626 CARIE 3.191 (1381) 1711 36314 16MI) AUT (2461) STARE DLATE GARI LARE CLAIR ON Year Faded Deer 31, 7820 36,410 21,311 35211 30 (0) (2382) (3540) (2449) 0,49) 17,400 5.354 1,368 Ke 12.325 MERT IZZAT (MAILL 6TH 18.175 18375 2821 47,373 33364 14,7M 13,337 137 (1490) THE TRARTY CRTATA 140 3433 3314 #637 053 3MT (MD) 29.384 0,155 IMING 3316 cArth 19 Receivables 1. 2. Look in the Notes to the Financial Statements. What type of receivables does this company have? Imagine that this company makes a sale of its product. Describe a possible sales transaction and list the journal entry that the company would make to recognize the sale (assume the sale is on account.) For this assignment, ignore the cost of goods sold entry. 3. What do you know about the company's Allowance for Uncollectible Accounts? What name does the company call its allowance? Where in your company's 10-K do you find this information? 4. What is the gross amount of the company's receivables? What percentage of this gross is its allowance? Calculate and interpret these ratios for two years (show your calculations): 5. 1. Current ratio 2. Quick ratio 6. Calculate and interpret these ratios for one year, assuming all sales are on credit (show your calculations): 1. Accounts Receivable Turnover 2 Receivable Collection Period Inventory 1. On which financial statement do you find Inventory? List the page number from the most recent Form 10-K where you found Inventory for your company. How much does the company have in Inventory at the end of the most recent fiscal year? Is this inventory dollar amount in thousands, millions, or billions? 2 On which financial statement do you find Cost of goods sold (or Cost of sales)? List the page number from the most recent Form 10-K where you found Cost of goods sold for your company. What was Cost of Goods Sold for the most recent year? Is this Cost of Goods Sold dollar amount in thousands, millions, or billions? 3. What cost flow assumption method(s) does the company use for its inventories? Where did you find this information? What do you know about the lower of cost or market related to inventories at the company? 4. 5. Calculate the gross profit percentage for the company for the two most recent years. What does this ratio mean? 6. Calculate and interpret the inventory turnover ratio for the most recent fiscal year. D.. 3456 CASIL CAS EQUIVALENTS AND RESTRICTED CASEGINNING OF PERIOD OPERATING ACTIVITION fing wi Ad VESTING ACTIVITION property and supp Not a gred by a FINANCING ACTIVITIES Pond Fr Repaym Prof Sof operating inten AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in milli) 2017 32,173 11,348 21,799 68M4 164 (24 626 CARIE 3.191 (1381) 1711 36314 16MI) AUT (2461) STARE DLATE GARI LARE CLAIR ON Year Faded Deer 31, 7820 36,410 21,311 35211 30 (0) (2382) (3540) (2449) 0,49) 17,400 5.354 1,368 Ke 12.325 MERT IZZAT (MAILL 6TH 18.175 18375 2821 47,373 33364 14,7M 13,337 137 (1490) THE TRARTY CRTATA 140 3433 3314 #637 053 3MT (MD) 29.384 0,155 IMING 3316 cArth 19