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Graph for Q1. Inventory-to-sales ratios 06 $15 billion Target's inventory Target Best Buy 05 04 03 20 10 20 30 2020 - 30 40

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Graph for Q1. Inventory-to-sales ratios 06 $15 billion Target's inventory Target Best Buy 05 04 03 20 10 20 30 2020 - 30 40 Walmart -22 10 22 Amazon Q1. b. c. d. Based on the graph in the previous slide, please choose the most plausible statement. Answer: [ ] Higher ratio of "inventory/sales' likely leads to shorter inventory period Target looks to have relatively lower net working capital Lower ratio of 'inventory/sales' could contribute to efficient operating cycle Amazon may have the longest operating cycle among the peers

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