Chapter 7 - Homework Assignment eBook Continuing Company Analysis-Amazon: Days' cash on hand Amazon.com, Inc. is one of the largest Internet retailers in the world. Netflix, Inc. provides digital streaming and DVD rentals in the United States. Amazon and Netflix compete in streaming and digital services: however, Amazon also sells many other products online. 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 Temporary Investments Income statement Operating expenses Depreciation expense Amazon Netflix $14,557 $1,114 495 88,810 5,102 4,746 2,781 a. Determine the days' cash on hand for Amazon and Netflix Round all calculations to one decimal place Days Cash on Hand Amazon days Netflix days b with regard to the cash on hand which of these statements is correct 1. Nefox appears to have greater cash liquidity to support its operations 2. Amazon appears to have greater cash fiquidity to support its operations 3. There is no significant difference in the days' cash on hand 4. Greater cash quidty means the business is highly profitable between the bee companies