Instructions;a. Based on their financial statements, determine each of the following for EACH company. Use Amazon's net product sales to compute gross profit information.;1. Gross profit for 2011.;2. Gross profit rate for 2011.;3. Operating income for 2011.;4. Percentage change in operating income from 2010 to 2011.;b. What conclusions concerning the relative profitability of the two companies can you draw from these data?;Amazon.com, Inc's financial statements are presented in Appendix D.;Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. (Use Wall-Mart's January 31, 2012 financial statements for comparative purposes.);Instructions for accessing and using the complete annual reports of Amazon and Wal-mart, including the notes to the financial statements, are also provided in the Appendices.
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