Table Format Amazon Inc is analyzing its inventory turnover ratio The company had the following inventory data for the fiscal year Inventory Purchases (Millions) Cost of Goods Sold (Millions) $200 $400 Calculate Amazon's inventory turnover ratio, and discuss how variations in the ratio may indicate changes in inventory management efficiency and supply chain effectiveness

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Question: Table Format: Amazon Inc. is analyzing its inventory turnover ratio. The company had the following inventory data for the fiscal year: Inventory Purchases (Millions)

Table Format: Amazon Inc. is analyzing its inventory turnover ratio. The company had the following inventory data for the fiscal year:

Inventory Purchases (Millions)	Cost of Goods Sold (Millions)
$200	$400

Calculate Amazon's inventory turnover ratio, and discuss how variations in the ratio may indicate changes in inventory management efficiency and supply chain effectiveness.

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