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The purpose of this assignment is to familiarize you with a company's income statement.

1) Not all companies call the income statement by that name. Some may call it the Statement of Operations or the Statement of Earnings. Look for the statement that has Revenue (it might be called Sales) and Expenses.

Print out the income statement and circle the name. HINT - The Statement of Comprehensive Income is not what you are looking for.

2) Most retail companies call revenue Sales.

Circle the amount of Net Sales in the most recent year.

3) Some companies might call Cost of Goods Sold something slightly different. It is usually the largest expense a retail organization has.

Circle the amount of Cost of Goods Sold in the most recent year.

4) Gross profit is computed as Net sales - Cost of Goods sold. It is an indicator of how nice of a price a company can charge for its goods.

Was gross profit presented on your income statement? If so, circle it, if not, compute the amount (Net sales - Cost of Goods Sold) and write it on the income statement.

Compute the gross profit as a percentage of net sales and write it on the income statement.

5) Net income is different than gross profit as other expenses are deducted from Gross profit to derive net income. A company could have a net loss, or call the results of its revenues - expenses something different than net income.

Draw a box around the amount of the net income. You are looking for the amount of revenues less all of the expenses. HINT - The word net is probably there and it will be after income taxes are deducted.

i need the following steps done for the amazon 10 k form

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