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Category > Accounting Posted 27 Apr 2017 My Price 5.00

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:

 

 

End-of-Period Inventory

Beginning-of-Period Inventory

tiffany Co.

$2,073

$1,625

amazon.com

6,031

4,992

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

 

 

Tiffany Co.

Amazon.com

Cost of merchandise sold

$1,492

$45,971

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.

Answers

Alpha Geek
(8)
Status NEW Posted 27 Apr 2017 03:04 PM My Price 5.00

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Attachments

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