Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Continuing Company AnalysisAmazon: Days cash on hand Amazon.com, Inc. is one of the largest Internet retailers in the world. Netflix, Inc. provides digital streaming and

Continuing Company AnalysisAmazon: Days cash on hand

Amazon.com, Inc. is one of the largest Internet retailers in the world. Netflix, Inc. provides digital streaming and DVD rentals in the United States. Amazon and Netflix compete in streaming and digital services; however, Amazon also sells many other products online. The cash, temporary investments, operating expenses, and depreciation expense from recent financial statements were reported as follows for both companies (in millions):

Amazon Netflix
Balance sheet, end of year:
Cash $14,557 $1,114
Temporary investments 495
Income statement:
Operating expenses 88,810 5,102
Depreciation expense 4,746 2,781

a. Determine the days cash on hand for Amazon and Netflix. Round all calculations to one decimal place.

Amazon Netflix
Days Cash on Hand days days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Were there any complaints about unrealistic workloads?

Answered: 1 week ago

Question

=+How can you personalize the language?

Answered: 1 week ago

Question

=+Can your message work in another locale?

Answered: 1 week ago

Question

=+Can you create an idea that spins out?

Answered: 1 week ago