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 itsproducts through the Internet. Recent balance sheet inventory disclosures for Target and Amazon.com (in millions) are as follows:Target$53,299Amazon.comCost of merchandise sold$139,156Inventory, end of year9,49717,174Inventory, beginning of year8,59716,047INITIAL 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).100worde---....-... erd counta3. Interpret (Discuss) your results.dvour initial nost

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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: Target $53,299 9,497 Amazon.com Cost of merchandise sold $139,156 Inventory, end of year Inventory, beginning of year 17,174 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). 100words --- .-. ardcounto 3. Interpret (Discuss) your results.

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: Target $53,299 9,497 Amazon.com Cost of merchandise sold $139,156 Inventory, end of year Inventory, beginning of year 17,174 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). 100words --- .-. ardcounto 3. Interpret (Discuss) your results.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 7CP

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