Analyze and compare Amazon.com to Fresh Vine Wine Amazon.com, Inc. (AMZN) is one of the largest...

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Analyze and compare Amazon.com to Fresh Vine Wine Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Fresh Vine Wine, Inc. (VINE), founded by celebrities Nina Dobrev and Julianne Hough, provides premium low-carb, low- calorie, gluten-free, keto- and vegan-friendly wines across the United States. The cash, temporary investments, operating expenses, and depreciation expense from recent financial statements were reported as follows for both companies (in millions): Balance sheet, end of year: Cash Short-term investments Income statement: Operating expenses Depreciation expense Statement of cash flows: Cash flows from (used in) operations Amazon Fresh Vine Wine $36,220 $16.1 59,829 444,943 34,296 10.5 46,327 (5.8) a. Determine the days' cash on hand for Amazon and Fresh Vine Wine. 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. Amazon Fresh Vine Wine Days' Cash on Hand 85.4 days 560 X days b. With regard to the cash on hand which of these statements is correct? 1. Fresh Vine Wine appears to have greater cash liquidity to support its operations. 2. Amazon appears to have greater cash liquidity to support its operations. 3. There is no significant difference in the days' cash on hand between the two companies. 4. Greater cash liquidity means the business is highly profitable. Analyze and compare Amazon.com to Fresh Vine Wine Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Fresh Vine Wine, Inc. (VINE), founded by celebrities Nina Dobrev and Julianne Hough, provides premium low-carb, low- calorie, gluten-free, keto- and vegan-friendly wines across the United States. The cash, temporary investments, operating expenses, and depreciation expense from recent financial statements were reported as follows for both companies (in millions): Balance sheet, end of year: Cash Short-term investments Income statement: Operating expenses Depreciation expense Statement of cash flows: Cash flows from (used in) operations Amazon Fresh Vine Wine $36,220 $16.1 59,829 444,943 34,296 10.5 46,327 (5.8) a. Determine the days' cash on hand for Amazon and Fresh Vine Wine. 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. Amazon Fresh Vine Wine Days' Cash on Hand 85.4 days 560 X days b. With regard to the cash on hand which of these statements is correct? 1. Fresh Vine Wine appears to have greater cash liquidity to support its operations. 2. Amazon appears to have greater cash liquidity to support its operations. 3. There is no significant difference in the days' cash on hand between the two companies. 4. Greater cash liquidity means the business is highly profitable.