Tiffany Co is a high end jewellery retailer whereas Amazon com is
Tiffany Co. is a high-end jewellery retailer, whereas Amazon.com is an online retailer that uses e-commerce services, features, and technologies to sell its products through the Internet. Balance sheet inventory disclosures for Tiffany and Amazon.com (in thousands) are as follows:
The cost of goods sold reported by each company was as follows:
a. Determine the inventory turnover ratios and days’ sales in inventory for Tiffany and Amazon.com. Round to two decimal places.
b. Interpret your results. Consider how their different business models are reflected in these ratios.
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