In the Cases & Projects section at the back of Chapter 7 in your textbook, find and complete problem CP 7-6 Comparing inventory ratios for two companies. Be sure to complete all steps and sections of the problem and show all your work. Clearly label your answers. Submit all your documentation for the problem to the dropbox for grading. ACC220

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 Real World its products through the Internet. Recent balance sheet inventory disclosures for Target and Amazon.com (in millons) are as follows: FAI Amazon.com Target $51.997 571,651 Cost of merchandise sold Inventory, end of year Inventory, beginning of year 8,601 10.243 8,282 8.299 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. o RE a 0