The following information ($ in millions) comes from a recent annual report of Amazon.
The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.:
Net sales$10,799
Total assets 4,489
End of year balance in cash 1,144
Total stockholders’ equity 356
Gross profit (Sales − Cost of Sales) 2,496
Net increase in cash for the year 24
Operating expenses 2,060
Net operating cash flow 734
Other income (expense), net (31)
Compute Amazon’s balance in cash at the beginning of the year.
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