 Ask Remember Me? 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 Posts: 2,706, Reputation: 173 Ultra Member #2 May 23, 2018, 06:22 PM
The accounting equation assets-liabilities equals equity

so what do we know?

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