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ADM-1 Continuing Company Analysis-Amazon: Days' cash on hand Amazon.com, Inc. is one of the largest Internet retailers in the world. Netflix, Inc. pro- D vides
ADM-1 Continuing Company Analysis-Amazon: Days' cash on hand Amazon.com, Inc. is one of the largest Internet retailers in the world. Netflix, Inc. pro- D vides digital streaming and DVD rentals in the United States. Amazon and Netflix compete in streaming and digital services; however, Amazon also sells many other products online. The cash, temporary investments, operating expenses, and depreciation expense from recent financial statements were reported as follows for both companies (in millions): Amazon Netflix Balance sheet, end of year: Cash $1,114 495 $14,557 Temporary investments Income statement: 88,810 4,746 Operating expenses Depreciation expense 5,102 2,781 Determine the days' cash on hand for Amazon and Netflix. (Round all calculations to one decimal place.) A. Interpret the results. B
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