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Question - The following information ($ in millions) comes from a recent annual report of Amazon, Inc.:
Net sales $10,753
Total assets 4,385
End of year balance in cash 1,118
Total stockholders' equity 432
Gross profit (Sales - Cost of Sales) 2,503
Net increase in cash for the year 12
Operating expenses 2,065
Net operating cash flow 612
Other income (expense), net (23)
Required - Compute Amazon cost of goods sold for the year.
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