Calculator Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Target Corporation (TGT) is one of the largest value-priced general merchandisers operating in the United States. Target sells through nearly 1,800 brick-and-mortar stores and through the Internet. Amazon and Target compete for customers across wide variety of products, including media, general merchandise, apparel, and consumer electronics. Cost of goods sold and Inventory Information from a recent annual report are provided for both companies as follows (in millions): Amazon Target Cost of goods sold $71,651 $51,997 Inventories: Beginning of year 8,299 8,282 End of year 10,243 8,601 a. Compute the inventory turnover for both companies. Round all calculations to one decimal place. Inventory Turnover Amazon.com Target b. Compute the number of days' sales in inventory for both companies. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. Number of Days' Sales in Inventory Amazon.com days Target days c. Which company has the better inventory efficiency? d. What might explain the difference in inventory efficiency between the two companies? 1. The sales team of Amazon is more efficient than the sales team of Target Corporation 2. Target's merchandising strategy requires a more significant investment in Inventory than Amazon's. Previous Check My Work All work saved. Save and Ext Submit Assignment for Grading