Homework Help is Here – Start Your Trial Now!
Business
Accounting
MindTap Cengage Learning x + nt Analysis (SLO X CengageNOWv2 | Online teaching X enow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true SLO 2 eBook Search 4» Analyze and compare Amazon.com to Target Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Target Corporation (TGT) is one of the largest value-priced general merchandisers operating in the United States. Target sells through nearly 1,800 brick-and-mortar stores and through the Internet. Amazon and Target compete for customers across a wide variety of products, including media, general merchandise, apparel, and consumer electronics. Cost of goods sold and inventory information from a recent annual report are provided for both companies as follows (in millions): Cost of goods sold Inventories: Beginning of year End of year Amazon Target $139,156 $53,299 16,047 8,597 17,147 9,497 a. Compute the inventory turnover for both companies. Round your answers to one decimal place. Amazon.com Target Inventory Turnover b. Compute the days' sales in inventory for both companies. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. Days' Sales in Inventory Amazon.com Target days days c. Which company has the better inventory efficiency? Amazon.com d. What might explain the difference in inventory efficiency between the two companies? 1. The sales team of Amazon is more efficient than the sales team of Target Corporation. 2. Target's merchandising strategy requires a more significant investment in inventory than Amazon's. Check My Work 12 F3 LO F4 DII % All work saved. Submit Assignment for Grading W ENG PrtScn Home End PgUp PgDn F5 F6 F7 F8 F9 F10 F11 F12 11:31 A 9/29/20

MindTap Cengage Learning x + nt Analysis (SLO X CengageNOWv2 | Online teaching X enow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true SLO 2 eBook Search 4» Analyze and compare Amazon.com to Target Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Target Corporation (TGT) is one of the largest value-priced general merchandisers operating in the United States. Target sells through nearly 1,800 brick-and-mortar stores and through the Internet. Amazon and Target compete for customers across a wide variety of products, including media, general merchandise, apparel, and consumer electronics. Cost of goods sold and inventory information from a recent annual report are provided for both companies as follows (in millions): Cost of goods sold Inventories: Beginning of year End of year Amazon Target $139,156 $53,299 16,047 8,597 17,147 9,497 a. Compute the inventory turnover for both companies. Round your answers to one decimal place. Amazon.com Target Inventory Turnover b. Compute the days' sales in inventory for both companies. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. Days' Sales in Inventory Amazon.com Target days days c. Which company has the better inventory efficiency? Amazon.com d. What might explain the difference in inventory efficiency between the two companies? 1. The sales team of Amazon is more efficient than the sales team of Target Corporation. 2. Target's merchandising strategy requires a more significant investment in inventory than Amazon's. Check My Work 12 F3 LO F4 DII % All work saved. Submit Assignment for Grading W ENG PrtScn Home End PgUp PgDn F5 F6 F7 F8 F9 F10 F11 F12 11:31 A 9/29/20

Accounting Information Systems
Accounting Information Systems
10th Edition
ISBN:9781337619202
Author:Hall, James A.
Publisher:Hall, James A.
Chapter12: Electronic Commerce Systems
Section: Chapter Questions
Problem 7P: VIRTUALIZATION Virtualization technology is credited with unleashing cloud computing. Write an essay...
See similar textbooks
icon
Related questions
Question
MindTap Cengage Learning x + nt Analysis (SLO X CengageNOWv2 | Online teaching X enow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true SLO 2 eBook Search 4» Analyze and compare Amazon.com to Target Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Target Corporation (TGT) is one of the largest value-priced general merchandisers operating in the United States. Target sells through nearly 1,800 brick-and-mortar stores and through the Internet. Amazon and Target compete for customers across a wide variety of products, including media, general merchandise, apparel, and consumer electronics. Cost of goods sold and inventory information from a recent annual report are provided for both companies as follows (in millions): Cost of goods sold Inventories: Beginning of year End of year Amazon Target $139,156 $53,299 16,047 8,597 17,147 9,497 a. Compute the inventory turnover for both companies. Round your answers to one decimal place. Amazon.com Target Inventory Turnover b. Compute the days' sales in inventory for both companies. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. Days' Sales in Inventory Amazon.com Target days days c. Which company has the better inventory efficiency? Amazon.com d. What might explain the difference in inventory efficiency between the two companies? 1. The sales team of Amazon is more efficient than the sales team of Target Corporation. 2. Target's merchandising strategy requires a more significant investment in inventory than Amazon's. Check My Work 12 F3 LO F4 DII % All work saved. <Previous Next > Submit Assignment for Grading W ENG PrtScn Home End PgUp PgDn F5 F6 F7 F8 F9 F10 F11 F12 11:31 A 9/29/20
Transcribed Image Text:MindTap Cengage Learning x + nt Analysis (SLO X CengageNOWv2 | Online teaching X enow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true SLO 2 eBook Search 4» Analyze and compare Amazon.com to Target Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Target Corporation (TGT) is one of the largest value-priced general merchandisers operating in the United States. Target sells through nearly 1,800 brick-and-mortar stores and through the Internet. Amazon and Target compete for customers across a wide variety of products, including media, general merchandise, apparel, and consumer electronics. Cost of goods sold and inventory information from a recent annual report are provided for both companies as follows (in millions): Cost of goods sold Inventories: Beginning of year End of year Amazon Target $139,156 $53,299 16,047 8,597 17,147 9,497 a. Compute the inventory turnover for both companies. Round your answers to one decimal place. Amazon.com Target Inventory Turnover b. Compute the days' sales in inventory for both companies. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. Days' Sales in Inventory Amazon.com Target days days c. Which company has the better inventory efficiency? Amazon.com d. What might explain the difference in inventory efficiency between the two companies? 1. The sales team of Amazon is more efficient than the sales team of Target Corporation. 2. Target's merchandising strategy requires a more significant investment in inventory than Amazon's. Check My Work 12 F3 LO F4 DII % All work saved. <Previous Next > Submit Assignment for Grading W ENG PrtScn Home End PgUp PgDn F5 F6 F7 F8 F9 F10 F11 F12 11:31 A 9/29/20
AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
steps

Unlock instant AI solutions

Tap the button
to generate a solution

SEE SOLUTION
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS