Question
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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Financial Accounting Fundamentals With Connect Plus
Authors: John Wild
4th Edition
77785932, 978-0077785932
