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Amazon.com reported the following amounts in its financial statements (in millions) 2012 2011 Net Sales Cost of Goods Sold Beginning Inventory Ending Inventory $61,000 $48,000

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Amazon.com reported the following amounts in its financial statements (in millions) 2012 2011 Net Sales Cost of Goods Sold Beginning Inventory Ending Inventory $61,000 $48,000 37,300 3,200 5,000 46.000 5,000 6,000 Required 1. Determine the inventory turnover ratio and average days to sell inventory for 2012 and 2011. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) Inventory Turnover Ratio Days to Sell 2012 times per year days 2011 times per year days

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