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Referring to Amazon's 2009 year-end results shown below, calculate Inventory Turnover (INVT) to 2 decimal places accuracy. Enter your answer in the designated box located
Referring to Amazon's 2009 year-end results shown below, calculate Inventory Turnover (INVT) to 2 decimal places accuracy. Enter your answer in the designated box located below the Amazon 2009 table, and you may use the Excel file
\begin{tabular}{|l|r|} \multicolumn{1}{|c|}{ Amazon 2009 } & \multicolumn{1}{c|}{$1,000} \\ \hline & Amazon.com \\ \hline Net operating revenues & 34,324 \\ \hline Cost of goods sold & 26,871 \\ \hline Gross profit & \\ \cline { 2 - 2 } Selling, general, and administrative & 7,453 \\ expense & \\ \hline Operating income & 4,602 \\ \hline Interest expense & 1,729 \\ \hline Other income (loss) - net & 66 \\ \hline Income before income taxes & 43 \\ \hline Income taxes & 1,706 \\ \hline Net income & 211 \\ \hline Assets & 1,495 \\ \hline Cash and cash equivalents & 4,333 \\ \hline Net receivables & 1,502 \\ \hline Inventories & 2,744 \\ \hline Total current assets & 7,765 \\ \hline Property, plant and equipment & 1,921 \\ \hline Goodwill & 1,234 \\ \hline Other assets & 1,492 \\ \hline Total assets & 12,412 \\ \hline Liabilities and Stockholder Equity & 7,200 \\ \hline Accounts payable & 59 \\ \hline Short-term debt & 4,018 \\ \hline Total current liability & \\ \hline Long-term debt & \\ \hline Total liabilities & \\ \hline Stockholder equity & \\ \hline \end{tabular}Step by Step Solution
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