Continuing Company Analysis-Amazon: Inventory turnover and Number of days' sales in inventory Amazon.com, Inc. is one of the largest Internet retailers in the world. Target Corporation is one of the largest value-priced generall merchandisers operating in the United States. Target sells through nearly 1,800 brick-and-mortar stores and through the Internet. Amazon and Target compete for customers across a wide variety of products, including media, general merchandise, apparel, and consumer electronics. Cost of goods sold and inventory information from a recent annual report are provided for both companies as follows (in millions): Amazon Target Cost of goods sold $62,752 $51,160 Inventories: Beginning of year 7,411 7,903 End of year 8,299 8,766 a. Compute the inventory turnover for both companies. Round all calculations to one decimal place. Amazon.com Target Inventory Turnover 8.0 6.1 b. Compute the number of days' sales in inventory for both companies. Use the values determined in Part a and assume a 365-day year. Round all calculations to one decimal place. Amazon.com Target Number of Days' Sales in Inventory 45.7 days 59.5 X days