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eBook Question Content Area Analyze and compare Amazon.com to Fresh Vine Wine Amazon.com, Inc. ( AMZN ) is one of the largest Internet retailers in

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Analyze and compare Amazon.com to Fresh Vine Wine
Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Fresh Vine Wine, Inc. (VINE), founded by celebrities Nina Dobrev and Julianne Hough, provides premium low-carb, low-calorie, gluten-free, keto- and vegan-friendly wines across the United States. The cash, temporary investments, operating expenses, and depreciation expense from recent financial statements were reported as follows for both companies (in millions):
Line Item Description Amazon Fresh Vine Wine
Balance sheet, end of year:
Cash $36,220 $16.1
Short-term investments 59,829
Income statement:
Operating expenses 444,94310.5
Depreciation expense 34,296
Statement of cash flows:
Cash flows from (used in) operations 46,327(5.8)
a. Determine the days cash on hand for Amazon and Fresh Vine Wine. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place.
Line Item Description Amazon Fresh Vine Wine
Days Cash on Hand fill in the blank 1 of 2
85.4
days fill in the blank 2 of 2
days
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