Question
Use the information below to answer the following six questions. Selected data from Amazon.com's financial statements is presented below. Inventory, Dec. 31, 2019 20,497 Accounts
Use the information below to answer the following six questions.
Selected data from Amazon.com's financial statements is presented below.
Inventory, Dec. 31, 2019 | 20,497 |
Accounts receivable, Dec. 31, 2019 | 20,816 |
Net sales | 280,552 |
Total liabilities | 163,188 |
Inventory, Jan. 1, 2019 | 17,174 |
Accounts receivable, Jan 1, 2019 | 16,677 |
Gross profit | 114,986 |
Cost of goods sold | 165,536 |
Current liabilities | 87,812 |
Total assets | 225,248 |
Calculate gross profit percentage. Enter your response as a number, for example if you calculate 20%, enter 20 in the text box. Round to 1 decimal.
Calculate inventory turnover. Round to 1 decimal.
Calculate days in inventory. Round to a whole number.
Calculate accounts receivable turnover. Round to 1 decimal.
Calculate days sales outstanding. Round to a whole number
Approximately how long is Amazon.com's operating cycle in days?
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