Question
Calculate Amazon's inventory turnover ratio (Cost ofsales/Inventories)for the last two reporting periods.Round to twodecimal places (5.6792 = 5.68). Amazon sold inventory: (data in link) https://documentcloud.adobe.com/link/review?uri=urn:aaid:scds:US:2a2ef129-afdc-44d8-8c62-12aa15594632
Calculate Amazon's inventory turnover ratio (Cost ofsales/Inventories)for the last two reporting periods.Round to twodecimal places (5.6792 = 5.68).
Amazon sold inventory:
(data in link) https://documentcloud.adobe.com/link/review?uri=urn:aaid:scds:US:2a2ef129-afdc-44d8-8c62-12aa15594632
a. slightly quicker in themostrecentreportingthaninthepriorreportingperiod.
b. slightly slower in themostrecentreportingthaninthepriorreportingperiod.
c. at thesameratein themostrecentreportingasinthepriorreportingperiod.
d. cannotbedetermined
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
2nd Canadian Edition
