Amazon.com, Inc. Data for the year ended December 31, 2023:ItemAmountTotal Revenue$1,000,000,000Cost of Goods Sold$600,000,000Operating Expenses$300,000,000Income Tax...
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Accounting
Amazon.com, Inc.
Data for the year ended December 31, 2023:
Item | Amount |
Total Revenue | $1,000,000,000 |
Cost of Goods Sold | $600,000,000 |
Operating Expenses | $300,000,000 |
Income Tax Expense | $50,000,000 |
Net Income | $50,000,000 |
Requirements:
- Calculate Amazon's gross profit margin.
- Determine Amazon's operating profit margin.
- Analyze the impact of income tax expense on Amazon's net income.
- Discuss how Amazon recognizes revenue from online retail sales.
- Evaluate Amazon's profitability using the return on assets (ROA) ratio.
- Explain the significance of the Income Measurement Objective in Amazon’s financial management and strategic growth.
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