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Show all work and clearly label answers! CP 7-6 Comparing inventory ratios for two companies Target Corp. sells merchandise primarily through its retail stores. On
Show all work and clearly label answers!
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: Real World Amazon.com Cost of merchandise sold Inventory, end of year Inventory, beginning of year Target $51,997 8,601 8,282 $71,651 10,243 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 Step by Step Solution
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