Unformatted text preview: last year their gross profit was 5.53 billion dollars. The balance sheet includes information about the company’s assets, both short term and long term. Last year the company had 9.8 billion dollars in current assets and 4.02 billion dollars in long term assets. It shows that Amazon had 3.4 billion dollars in cash or cash equivalents. The balance sheet shows liabilities that the company has both short term and long term debt. The company has 5.6 billion dollars in accounts payable. Because it is listed as a current liability we know that the company is going to have to pay back all that debt back within the next year. The balance sheet also shows you stockholders equity. The stockholders equity shows how much of a stake the stock holders have in the company....
View Full Document
- Fall '10
- Balance Sheet, Generally Accepted Accounting Principles