Continuing Company Analysis-Amazon: Accounts receivable turnover and number of days' sales in receivables Amazon.com, Inc. Iis 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 selis only through the Internet Sales and accounts receivable information for both companies for a recent period follows (in millions): Amazon Best Buy Sales Accounts receivable: Beginning of year End of year a. Determine the accounts receivable turnover for each company, Round all calculations to one decimal place $88,988 $40,339 4,767 5,612 1,308 1,280 Amazon Best Buv Accounts Receivable Turnover71 31.2 b. Determine the number of dayd sates in receivables for each company, Use 365 days and round all calulations to one decimal place Amazon Best Buy Number of Days' Sales in Receivables 21a11 With regard to emoency in collecting accounts receivable between the two companies which of the following statements scorer 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 receivabie into cash c. 3. Both Amazon and Best Bu y are equally efficient in turning accounts receivable into cash. nd Best Buy are equally inefficient in turning accounts rece ivable into cash. d. What might explain the difference in the above ratios