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Use the Amazon balance sheet to answer the following questions

Use the Amazon balance sheet to answer the following questions
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Solution Guide / Answer Key:

ACCOUNTING

Financial Statement Case

Use the Amazon balance sheet to answer the following questions.
1) Which balance sheet format does Amazon.com use?
2) Name the companies current largest asset and largest current liability at December 31st 2005.
3) Compute Amazon's current ratios at December 31 2005 and 2004. Did the current ratio improve, worsen, or hold steady during 2005?
4) Under what category does Amazon report furniture, fixtures, and equipment?
5) What was the cost of the company's fixed assets at December 31, 2005? What was the amount of accumulated depreciation? What was the book value of the fixed assets? See note 3 for the data.

 

FILE: MS WORD

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