Amazon com Inc s financial statements are presented in Appendix D Financial
Amazon.com, Inc.’s financial statements are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. Instructions for accessing and using the complete annual reports of Amazon and Wal-Mart, including the notes to the financial statements, are also provided in Appendices D and E, respectively.

Instructions
(a) Compute the asset turnover for each company for 2011.
(b) What conclusions concerning the efficiency of assets can be drawn from these data?

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