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    Tabbra1967's Avatar
    Tabbra1967 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    May 22, 2018, 03:41 PM
    How to calculate the total liabilities at the end of the year
    The following information ($ in millions) comes from a recent annual report of Amazon.com,
    Inc.:
    Net sales
    $10,711
    Total assets
    4,363
    End of year balance in cash
    1,022
    Total stockholders equity
    431
    Gross profit (Sales
    –
    Cost of Sales)
    2,456
    Net increase in cash for the year
    9
    Operating expenses
    2,067
    Net operating cash flow
    702
    Other income (expense), net
    (12)
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    May 23, 2018, 06:22 PM
    The accounting equation assets-liabilities equals equity

    so what do we know?
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