Question

In: Accounting

Need the following answered about Amazon. For how many years does it present complete: a. Balance...

Need the following answered about Amazon.

For how many years does it present complete:

a. Balance sheets?

b. Income statements?

c. Cash flow statements?

Are its financial statements audited by independent CPAs? If so, by whom? What type of opinion did the financial report receive?

What are the values in the company’s accounting equation for the most recent year?

Did its total assets increase or decrease over last year? By what percentage? (Hint: Percentage change is calculated as [current year - last year] / last year. Show supporting computations.)

Did its net income increase or decrease over last year? By what percentage?

Which of the following had the largest percentage increase from last year to the current year? (See the formula in 6. above. Show all supporting computations.)

a. Net sales

b. Cost of sales

c. Net income

6. What are the future financial projections of the company and how does it plan to get there

Expert Solution

As per policy only first four questions will be answered

Answers are provided taking reference of annual report 2017

Answer 1

For how many years does it present complete:

a. Balance sheets - 2 years (2017 & 2016)

b. Income statements - 3 years (2017, 2016 & 2015)

c. Cash flow statements - 3 years (2017, 2016 & 2015)

Answer 2

Are its financial statements audited by independent CPAs? If so, by whom? What type of opinion did the financial report receive?

Yes, there is a report of Independent Accounts (Auditor’s Opinion) from Ernst & Young LLP, which takes the responsibility of auditing the financial statements of Amazon Inc. According to Ernst & Young LLP opinion, Amazon.com, Inc. maintained, in all material respects, effective internal control over financial reporting as of December 31, 2017, based on the COSO criteria.

Answer 3

What are the values in the company’s accounting equation for the most recent year?

The Accounting Equation (Balance Sheet)

A (assets) = L (liabilities) + SE (shareholder’s equity)

$131310 = $82626 + $48684

Answer 4

Did its total assets increase or decrease over last year? By what percentage?

Total assets increased over last year.

Total assets in 2017 - 131310

Total assets in 2016 - 83402

Percentage change = [current year - last year] / last year

=(131310-83402)/83402 = 57.44%

ekkarill92 answered 1 year ago

The students answered questions about alcohol use and hangovers, including a count of how many out...

The students answered questions about alcohol use and hangovers, including a count of how many out of a list of 13 possible hangover symptoms they had experienced in the past year. For the 470 men, the mean number of symptoms was 5.4; for the 755 women, it was 5.1. The standard deviation was 3.7 for each of the two samples. (a) Define the parameter of interest using appropriate notation. The parameter of interest is Correct: Your answer is correct. in...

How many years will it take for the balance left in a savings account to increase...

How many years will it take for the balance left in a savings account to increase from 2 of 2 $1,000 to $1,500 if interest is received at a nominal rate of 6% compounded semiannually throughout the period?

What is the difference between Current Account balance and Balance of Trade? How many years has...

What is the difference between Current Account balance and Balance of Trade? How many years has the US been running CA deficit? Is it a problem for a country to have CA deficit? Why or why not? Is it a sign of economic weakness? Why or why not? Do CA deficits cost Americans jobs? Why or why not? Can the US continue to run this deficit indefinitely? Why or why not? Incorporate all these questions in your original post. Use...

Why does a company need to know how many dollars they have in inventory of their...

Why does a company need to know how many dollars they have in inventory of their stock?

How does the Company Amazon relates to the Miles and Snow strategy and also how does...

How does the Company Amazon relates to the Miles and Snow strategy and also how does it relate to the Porter Generic strategy?

I need some explanation to present about light quanta.

I need this question answered assuming that Westgate Construction's contract with Santa Clara County does NOT...

I need this question answered assuming that Westgate Construction's contract with Santa Clara County does NOT qualify for revenue recongnition over time... In 2016, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2018. Information related to the contract is as follows: 2016 2017 2018 Cost incurred during the year $ 2,400,000 $ 3,600,000 $ 2,200,000 Estimated costs to complete as of year-end 5,600,000 2,000,000 0...

Which assets are depreciated, amortized and capitalized? How does an organization know how many years and...

Which assets are depreciated, amortized and capitalized? How does an organization know how many years and the amount to depreciate, amortized, and capitalized? What are examples of each?

How many unpaired electrons are present in each of the following in the ground state? O...

How many unpaired electrons are present in each of the following in the ground state? O C+ C- Hg Y S Kr Br

I need the following questions answered with an explanation. 1. Which of the following constitutes market...

I need the following questions answered with an explanation. 1. Which of the following constitutes market failure? The inability of markets to _____ a. internalize positive externalities b. internalize negative externalities c. Both a. and b. d. None of the above 2. When is the burden of an excise tax incidence equally shared between producers and consumers? a.The tax burden is always equally shared between producers and consumers. b. When the slope of the supply curve is steeper than the...