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The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.:
Net sales $ 10,895
Total assets 4,470
End of year balance in cash 1,063
Total stockholders' equity 423
Gross profit (Sales Cost of Sales) 2,464
Net increase in cash for the year 19
Operating expenses 2,065
Net operating cash flow 796
Other income (expense), net (16)
Compute the income before income tax for Amazon.
Multiple Choice
A) $ 463
B) $ 503
C) $ 303
D) $ 383
Answer & Explanation
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