Continuing Company Analysis-Amazon: Accounts receivable turnover and number of days sales in receivables Amazon.com, Inc. is one of the largest Internet retailers in the world. Best Buy, Inc. is a leading retailer of consumer electronics and media products in the United States Amazon and Best Buy compete in similar markets; however, Best Buy sells through both traditional retail stores and the Internet, while Amazon sells only through the Internet Sales and accounts receivable information for both companies for a recent period follows (in mililions): Amazon Best Buy Sales Accounts receivable Beginning of year 4,7671,308 End of year a. Determine the accounts receivable turmover for each company. Round all calculations to one decimal place. $88,988 $40,339 5,612 1,280 Amazon Best Buy Accounts Receivable Turnover 17 X 31 X b. Determine the number of days' sales in receivables for each company. Use 365 days and round all calculations to one decimal place. Amazon Best Buy Number of Days' Sales in Receivables 21 X 121 x c. With regard to efficiency in collecting accounts receivable between the two companies which of the following statements is correct? 1. Best Buy is more efficient than Amazon in turning accounts receivable into cash. 2. Amazon is more efficient than Best buy in turning accounts receivable into cash. 3. Both Amazon and Best Buy are equally efficient in turning accounts receivable into cash. 4. Both Amazon and Best Buy are equally inefficient in turning accounts receivable into cash. 2 X d. What might explain the difference in the above ratios