Answer:
(a) Amazon's balance in cash at the beginning of the year is $1,085 million
(b) Amazon's total liabilities at the end of the year is $3,914 million
(c) Cost of goods sold for the year is $8,264 million
(d) Income before income tax for Amazon is $366 million
Explanation:
(a) Beginning cash balance = Ending cash balance - net increase in cash for the year
= $1,104 million - $19 million
= $1,085 million
(b) Total assets = Total liabilities + Total stockholders' equity
$4,417 million = Total liabilities + $503 million
Total liabilities = ($4,417 - $503) million
= $3,914 million
(c) Cost of goods sold = net sales - gross profit
= $10,722 million - $2,458 million
= $8,264 million
(d) Income before income tax = Gross profit - operating expenses - other expenses
= $2,458 million - $2,062 million - $30 million
= $ 366 million
