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For this week’s discussion assignment look at the balance sheet of the Amazon company in the...

For this week’s discussion assignment look at the balance sheet of the Amazon company in the most recently released annual report. What amounts did your company report for the following items? Total assets Current assets Current liabilities Total equity Retained earnings Inventories What is your company’s largest current asset? What is its largest current liability? Compute the current ratio for your company for 2 years. What does this ratio tell you?

Expert Solution

For the 1st quarter 2019 (in million)

The total current assets was 69431.00

Total Assets were 178102.00

Total current liabilities were 63695.00

Total liabilities were 129692.00

Total equity were 48410.00

And the Retained earnings inventories were 23193.00(As per the information given from internet)

Total current assets includes Cash And Cash Equivalents, Accounts Receivable, Total Inventories, and Other Current Assets. Amazon.com's total current assets for the quarter that ended in Sep. 2019 was $79,054 Mil.

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Amazon.com's total current liabilities for the quarter that ended in Sep. 2019 was $72,136

The formula for finding current ratio is

current ratio= Total current assets÷Total current liabilities

here, Amazon. Com's current ratio for the quarter that ended in sep 2019 is,

current ratio=total current assets÷total current liabilities

=79054÷72136

=1.10

for 2 years =1.10×2yr

=2.2 is the current ratio for 2 years.

The current ratio is a liquidity ratio that measures whether a firm has enough resources to meet its short-term obligations. It compares a firm's current assets to its current liabilities,

Here the current ratio is 2.2 which indicates a healthy business.

jeff jeffy answered 2 years ago

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