Refer to the 10-K for Amazon. Required: 1. What does the company report for the following accounts for the most current fiscal year: Enter your answer in millions. a. Net sales $ 386,064 b. Beginning inventory $ c. Cost of sales $ d. Ending inventory $ 2. Assume that the company projects the following: Net sales and cost of goods sold will increase by 16% in the next fiscal year. Purchases are expected to be 104% of projected cost of sales. Assume all other items remain unchanged from the prior year. Provide the next year's forecasted balances: Round your answer to the nearest million. a. Net sales b. Purchases c. Cost of sales $ d. Beginning inventory $ e. Ending inventory 3. What inventory costing method does the company use to value its inventory? 4. Is the inventory costing method used by the company more likely increase earnings or decrease taxes relative to other inventory costing methods when inventory prices are rising? 5. Compute the forecasted inventory turnover ratio. Round to two decimal places. 6. How many days will it take to sell the inventory on hand? Use 365 days in a year. Round to the nearest day. days Refer to the 10-K for Amazon. Required: 1. What does the company report for the following accounts for the most current fiscal year: Enter your answer in millions. a. Net sales $ 386,064 b. Beginning inventory $ c. Cost of sales $ d. Ending inventory $ 2. Assume that the company projects the following: Net sales and cost of goods sold will increase by 16% in the next fiscal year. Purchases are expected to be 104% of projected cost of sales. Assume all other items remain unchanged from the prior year. Provide the next year's forecasted balances: Round your answer to the nearest million. a. Net sales b. Purchases c. Cost of sales $ d. Beginning inventory $ e. Ending inventory 3. What inventory costing method does the company use to value its inventory? 4. Is the inventory costing method used by the company more likely increase earnings or decrease taxes relative to other inventory costing methods when inventory prices are rising? 5. Compute the forecasted inventory turnover ratio. Round to two decimal places. 6. How many days will it take to sell the inventory on hand? Use 365 days in a year. Round to the nearest day. days