Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 millions) are as follows: Cost of merchandise sold Target $53,299 Amazon.com $139,156 Inventory, end of year 9,497 17,174 Inventory, beginning of year 8,597 16,047 INITIAL POST: For your initial post, answer the following questions: 1. Determine the inventory turnover for Target and Amazon.com. Round to two decimal places. (Show your calculations and answers). 2. Determine the days' sales in inventory for Target and Amazon.com. Use 365 days and round to one decimal place. (Show your calculations and answers). 3. Interpret (Discuss) your results. The minimum word count for Q3 is 100 words. Record your word count at the bottom of your initial post

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions