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Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Best Buy, Inc. (Bay) is a leading retailer of consumer electronics and

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Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Best Buy, Inc. (Bay) is a leading retailer of consumer electronics and media products in the United States Amazon and Best Buy compete in similar markets, however Best Buy sells through both traditional retail stores and the Internet, while Amazon sells only through the Internet Sales and accounts receivable information for both companies for a recent period follows (in millions): Amaron Best Buy Sales $135,987 $39,528 Accounts receivable: Beginning of year 5.654 1.280 End of year 8.339 1.162 a. Determine the accounts receivable turnover for each company. Round all calculations to one decimal place Amazon Best Buy Accounts Receivable Turnover b. Determine the number of days' sales in receivables for each company. Use 365 days and round all calculations to one decimal place. Amazon Best Buy Number of Days' Sales in Receivables

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