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Amazon's classified balance sheet

A.) Data listed below are taken from a recent balance sheet of Amazon Corporation
Some amounts, Indicate by question marks, have been intentionally omitted.

Required.

1. Determine the missing amounts.
2. Prepare Amazon's classified balance sheet

($ in 000s)

Cash and cash equivalents $ 239,186
Short-term investments 353,700
Accounts receivable (net of allowance) 504,944
Inventories ?
Prepaid expenses (current) 83,259
Total current assets 1,594,927
Long-term receivables 110,800
Property and equipment (net) ?
Total assets ?
Notes payable and short-term debt 31,116
Accounts payable ?
Accrued liabilities 421,772
Other current liabilities 181,604
Total current liabilities 693,564
Long-term debt and deferred taxes ?
Total liabilities 956,140
Shareholders equity 1,370,627

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Solution Preview

A.) Data listed below are taken from a recent balance sheet of Amazon Corporation
Some amounts, Indicate by question marks, have been intentionally omitted.

Required.

1. Determine the missing amounts.
2. Prepare Amazon's classified balance sheet

($ in 000s)

Cash and cash equivalents $ 239,186
Short-term investments 353,700
Accounts receivable (net of allowance) 504,944
Inventories ?
Prepaid expenses (current) 83,259
Total current assets 1,594,927
Long-term receivables 110,800
Property and equipment (net) ?
Total assets ?
Notes payable and short-term debt 31,116
Accounts payable ...

Solution Summary

This solution is comprised of a detailed explanation to determine the missing amounts and prepare Amazon's classified balance sheet.

$2.19