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Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Target Corporation...

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Accounting

Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Target Corporation (TGT) is one of the largest value-priced general merchandisers operating in the United States. Target sells through nearly 1,800 brick-and-mortar stores and through the Internet. Amazon and Target compete for customers across a wide variety of products, including media, general merchandise, apparel, and consumer electronics. Cost of goods sold and inventory information from a recent annual report are provided for both companies as follows (in millions): Line Item Description Amazon Target Cost of goods sold $139,156 $53,299 Inventories: Beginning of year 16,047 8,597 End of year 17,147 9,497 a. Compute the inventory turnover for both companies. Round you

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