Continuing Company Analysis-Amazon: Days' cash on hand Amaron.com, Inc. ls one of the langest Internet retalers in the word. compete in streaming and digital services; however, Amazon also sells many other products online. The cash, temporary investments, operating expenses, and depreclation expense from recent financial statements were reported as follows for both companies (in millions): Netlix, Inc, provides digital streaming and oVD rentals in the United States. Amazon and Netflx Amazon Netfllx Balance sheet, end of year: Cash Temporary investments Income statement: Operating expenses Depreciation expense a. Determine the days cash on hand for Amazon and Netfix. Round all calculations to one decimal place $14,557 $1,114 495 88,810 5,102 4,746 2,781 Amazon Netflix Days' Cash on Hand 1,307X days 122.X days b. With regard to the cash on hand which of these statements is correct 1. Netflix appears to have greater cash liquidity to support its operations 2. Amazon appears to have greater cash liquidity to support its operations 3. There is no significant difference in the days cash on hand between the two companies 4. Greater cash liquidity means the business is highly profitable 2