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CP 7-6 Comparing inventory ratios for two companies Target Corp. sells merchandise primarily through its retail stores. On the other hand, Amazon .com uses its
CP 7-6 Comparing inventory ratios for two companies Target Corp. sells merchandise primarily through its retail stores. On the other hand, Amazon .com uses its e-commerce services, features, and technologies to sell its products through the Internet. Recent balance sheet inventory disclosures for Target and Amazon.com (in millons) are as follows: Cost of merchandise sold Inventory, end of year Inventory, beginning of year Target $53,299 9,497 8,597 Amazon.com $139,156 17,174 16,047 a. Determine the inventory turnover for Target and Amazon.com. Round to two decimal places. b. Determine the days sales in inventory for Target and Amazon.com. Use 365 days and round to one decimal place. c. Interpret your results
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