Question: Sell Amazon.com reported the following amounts in its financial statements (in millions): Required: 1. Determine the inventory turnover ratio and average days to sell inventory

Sell Amazon.com reported the following amounts in its (in millions):

Required:
1. Determine the inventory turnover ratio and average days to sell inventory for 2012 and 2011. Round to one decimal place.
2. Comment on any changes in these measures and compare the inventory turnover at Amazon. com to inventory turnover at Barnes & Noble, Inc., where inventory turned over 3.5 times during 2012 (104.3 days to sell). Based on your own experience, what€™s the key difference between Amazon.com and Barnes & Noble that leads one company€™s results to be the picture of efficiency and the other to seem like a library?

Net Sales Cost of Goods Sold Beginning inventory Ending Irventory 2012 $61,000 46,000 5,000 6,000 2011 $48,000 37,300 3,200 5.000

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