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meter so the 18 is tor Arratsoh. hectiredi B. Nert taint b. 4. Chnt at sales Co mercascu 270 in U1, comparea to the pnor year. The sales growth primarily reflects increased unit sales, including sales by third-party sellers, and advertising sales, Increased unit sales were driven largely by our continued efforts to reduce prices for our customers, including from our shipping offers, and increased demand, partially offset by fulfillment network inefficiencies and supply chain constraints. We expect our International sales growth rate to decelerate in Q1 2022 compared to the increase we experienced in Q1 2021. Changes in foreign currency exchange rates impacted Operating Expenses The increase in cost of sales in absolute dollars in 7m71 AMAZON,COM, INC. CONSOLIDATED BALANCE SHEETS (in milliens. AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS fia millione exeent nor shome dots AMLZON.COM, INC. CONSOIIDATED STATEMENTS OF CASH FLOWS (in millions) CASH, CASH EQUTVALENTS, AND RESTRHCTED CASH, BEGNNING OF PERIOD OPIRATINO ACTTTtTES: Not income Adjuatmeats to recencile net inceme to net cash from cperating activities: Depreciation and amotization of property and equipencat and capialized comtent costs, operatiec lease asess and ether Suock-busod cempensation Oher operaliag exense (income), act Other expense (incoene), ad Deferred iocome taxes Changes in operating aucts and liabilitics: lnventaries Accounts receivable, net and other Accounta peyable Accrued expemaes and other Uhearned revesae Net cach provided by (ssed in) opcrating activitiec INVESTING ACTIVTIES Aurchats of propery and equipenet Proceods froen property and equipment saler asd incentivet Aecuiaitians, net of cash acquired, and other Seles and maturities of marketuble securities Purchases of marketable securities Net cash provided by (ased ia) investing activitien FINANCING ACTIVITIES: Proceeds from short-term deb, and other Repeyments of doarterm debt, and eeher Proceeds from loag tern debt Rrpoyments of los toterm debt Prineigal ropaymentr of finance leases Principal repyymente af fnuncing obligations Net cash provided by (used in) financing activities Foreign currency effect on caihy cah equivalems, and restricted cash Nct increase (docrrase) in cash, camh equivalents, and restricted cash CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD. See accompanying notes to consolidated financial statements. Required: 1. What does the company report for the following accounts for the most current fiscal year: Enter your answer in milions. a. Net sales b. Beginning inventory c. Cost of d. Ending inventory 2. Assume that the company projects the following: - Net sales and cost of goods sold will increase by 19% in the next fiscal year. - Purchases are expected to be 104% of projected cost of sales. Assume all other items remain unchanged from the prior year. Provide the next year's foreca balances: Round your answer to the nearest million. a. Net sales \$ $ b. Cost of c. Purchases $x Beginning $x d. inventory E. Ending inventory 3. What inventory costing method does the company use to value its inventory (domestic)? 4. Is the inventory costing method used by the company more likely increase eamings or de taxes relative to other inventory costing methods when inventory prices are rising? meter so the 18 is tor Arratsoh. hectiredi B. Nert taint b. 4. Chnt at sales Co mercascu 270 in U1, comparea to the pnor year. The sales growth primarily reflects increased unit sales, including sales by third-party sellers, and advertising sales, Increased unit sales were driven largely by our continued efforts to reduce prices for our customers, including from our shipping offers, and increased demand, partially offset by fulfillment network inefficiencies and supply chain constraints. We expect our International sales growth rate to decelerate in Q1 2022 compared to the increase we experienced in Q1 2021. Changes in foreign currency exchange rates impacted Operating Expenses The increase in cost of sales in absolute dollars in 7m71 AMAZON,COM, INC. CONSOLIDATED BALANCE SHEETS (in milliens. AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS fia millione exeent nor shome dots AMLZON.COM, INC. CONSOIIDATED STATEMENTS OF CASH FLOWS (in millions) CASH, CASH EQUTVALENTS, AND RESTRHCTED CASH, BEGNNING OF PERIOD OPIRATINO ACTTTtTES: Not income Adjuatmeats to recencile net inceme to net cash from cperating activities: Depreciation and amotization of property and equipencat and capialized comtent costs, operatiec lease asess and ether Suock-busod cempensation Oher operaliag exense (income), act Other expense (incoene), ad Deferred iocome taxes Changes in operating aucts and liabilitics: lnventaries Accounts receivable, net and other Accounta peyable Accrued expemaes and other Uhearned revesae Net cach provided by (ssed in) opcrating activitiec INVESTING ACTIVTIES Aurchats of propery and equipenet Proceods froen property and equipment saler asd incentivet Aecuiaitians, net of cash acquired, and other Seles and maturities of marketuble securities Purchases of marketable securities Net cash provided by (ased ia) investing activitien FINANCING ACTIVITIES: Proceeds from short-term deb, and other Repeyments of doarterm debt, and eeher Proceeds from loag tern debt Rrpoyments of los toterm debt Prineigal ropaymentr of finance leases Principal repyymente af fnuncing obligations Net cash provided by (used in) financing activities Foreign currency effect on caihy cah equivalems, and restricted cash Nct increase (docrrase) in cash, camh equivalents, and restricted cash CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD. See accompanying notes to consolidated financial statements. Required: 1. What does the company report for the following accounts for the most current fiscal year: Enter your answer in milions. a. Net sales b. Beginning inventory c. Cost of d. Ending inventory 2. Assume that the company projects the following: - Net sales and cost of goods sold will increase by 19% in the next fiscal year. - Purchases are expected to be 104% of projected cost of sales. Assume all other items remain unchanged from the prior year. Provide the next year's foreca balances: Round your answer to the nearest million. a. Net sales \$ $ b. Cost of c. Purchases $x Beginning $x d. inventory E. Ending inventory 3. What inventory costing method does the company use to value its inventory (domestic)? 4. Is the inventory costing method used by the company more likely increase eamings or de taxes relative to other inventory costing methods when inventory prices are rising

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