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Consider the following table that contains selected financial data for Amazon (AMZN) and Target (TGT) for financial year 2020. Days Inventory Days Receivables Days Payables

Consider the following table that contains selected financial data for Amazon (AMZN) and Target (TGT) for financial year 2020.

Days Inventory

Days

Receivables

Days Payables

Current

Assets

Current Liabilities

AMZN

29.76

23.20

145.93

$132,733

$126,385

TGT

58.76

4.43

81.5

$20,756

$20,125

Using the data contained in the table, (a) Calculate the net working capital for both AMZN and TGT (b) Which working capital strategy is AMZN implementing? Describe this strategy and its main characteristics.

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