Annual Reports Please Use Amazon For This Assignment As It Was

Annual reportsUse the Income Statement and Balance Sheet to determine the changes in:assets, liabilities, and equity total revenue and net incomeAmazon.com’s total revenues increased to 107 billion in 2015 up from 88.9 billion in the year ending 31st December 2014. The net income was 1.568 billion in the year ending 31st December 2015 up from a loss of 0.11 billion in 2014.The company’s current assets increase from $31.327 billion in 2014 to 36.474 billion in 2015. This represents an increase of about 15 percent. Out of this increase the increase in net receivables was the most notable. Net receivables increased from $ 5.6 billion in 2014 to$ 6.42 billion in 2015. This increase represents about 14 percent.In the long term assets the company saw a significant growth in fixed assets. The fixed assets rose from 16.967 billion in 2014 to $ 21.838 billion in 2015. This led to an overall increase in total assets of over 10 billion from $54 billion in 2014 to $ 65 billion in 2015.Total liabilities increased by about 9 billion from $43.7 billion in 2014 to $ 52 billion in 2015. Of the total increase in total liabilities, current assets increased by $5