Reference no: EM132585451
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:
Target - cost of merchandise sold: $51,997
inventory, end of year: 8,601
inventory, beginning of year: 8,282
Amazon.com - cost of merchandise sold: $71,651
inventory, end of year: 10, 243
inventory, beginning of year: 8,299
Question 1: Determine the inventory turnover for Target and Amazon.com. Round to two decimal places.
Question 2: Determine the days' sales in inventory for Target and Amazon.com. Use 365 days and round to one decimal place.