What percentage of total assets does inventories

Assignment Help Accounting Basics

Reference no: EM133360055

Based on 2021 Annual Report for Amazon used FIFO.

What percentage of total assets does inventories represent for each of the last three years? (Show your calculaltions)

What inventory costing method is applied to Amazon inventories?

1) What do you think motivated this choice?

2) If the company uses FIFO, how much higher or lower would net income before taxes be if it had used LIFO or a similar method instead?

What is the effect of the change in inventories on cash flows from operating activities for the most recent year (i.e., did the change increase or decrease operating cash flows)? Explain your answer in details.

Reference no: EM133360055

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