Comparing inventory ratios for two companies Tiffany Co. is a high-end jewelry retailer, while Amazon.com uses its e-commerce services, features, and technologies to sell its products through the Internet. Recent balance sheet inventory disclosures for Tiffany and Amazon.com (in millons) are as follows: 11eb720d_3bed_2299_a6e4_211dbf27d454_SM1487_00 The cost of merchandise sold reported by each company was as follows: 11eb720d_3bed_229a_a6e4_13fa453934b0_SM1487_00 a. Determine the inventory turnover and number of days' sales in inventory for Tiffany and Amazon.com. Use 365 days and round to two decimal places. b. Interpret your results.

Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

النسخة 26الرقم المعياري الدولي: 978-1337498159

Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

النسخة 26الرقم المعياري الدولي: 978-1337498159

تمرين 56

Comparing inventory ratios for two companies
Tiffany Co. is a high-end jewelry retailer, while Amazon.com uses its e-commerce services, features, and technologies to sell its products through the Internet. Recent balance sheet inventory disclosures for Tiffany and Amazon.com (in millons) are as follows:

The cost of merchandise sold reported by each company was as follows:

a. Determine the inventory turnover and number of days' sales in inventory for Tiffany and Amazon.com. Use 365 days and round to two decimal places.
b. Interpret your results.

التوضيح

موثّق

a) Inventory turnover Ratio determines t...