Continuing Company AnalysisAmazon: Days cash on hand Amazon.com, Inc. is one of the largest Internet...
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Continuing Company AnalysisAmazon: 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):
Amazon
Netflix
Balance sheet, end of year:
Cash
$14,557
$1,114
Temporary investments
495
Income statement:
Operating expenses
88,810
5,102
Depreciation expense
4,746
2,781
a. Determine the days cash on hand for Amazon and Netflix. Round all calculations to one decimal place.
Amazon
Netflix
Days Cash on Hand
days
days
Answer & Explanation
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