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Determine the inventory turnover for target and amazon

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Reference no: EM132956069

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                            Amazon.com
Cost of merchandise sold              $51997                             $71651
inventory, end of year                    8601                                10243
inventory beginning of year              8282                                 8299

Problem 1: Determine the inventory turnover for Target and Amazon.com. Round to two decimal places.

Problem 2: Determine the days' sales in inventory for Target and Amazon.com. Use 365 days and round to one decimal place.

Reference no: EM132956069

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