Tiffany Co. is a high-end jewelry retailer, while Amazon.com uses its e-commerce services,

features, and technologies to sell its products through the Internet. Recent balance sheet

inventory disclosures for Tiffany and Amazon.com (in millons) are as follows:

End-of-Period Inventory Beginning-of-Period Inventory

Tiffany Co. $1,625 $1,428

Amazon.com 3,202 2,171

The cost of merchandise sold reported by each company was as follows:

Tiffany Co. Amazon.com

Cost of merchandise sold $1,263 $26,561

a. Determine the inventory turnover and number of days sales in inventory for Tiffany

and Amazon.com. Round to two decimal places.

b. Interpret your results.