80.2K
Verified Solution
Link Copied!
Use the information below to answer the following six questions.
Selected data from Amazon.com's financial statements is presented below.
| Inventory, Dec. 31, 2019 | 20,497 |
| Accounts receivable, Dec. 31, 2019 | 20,816 |
| Net sales | 280,552 |
| Total liabilities | 163,188 |
| Inventory, Jan. 1, 2019 | 17,174 |
| Accounts receivable, Jan 1, 2019 | 16,677 |
| Gross profit | 114,986 |
| Cost of goods sold | 165,536 |
| Current liabilities | 87,812 |
| Total assets | 225,248 |
Calculate gross profit percentage. Enter your response as a number, for example if you calculate 20%, enter 20 in the text box. Round to 1 decimal.
Calculate inventory turnover. Round to 1 decimal.
Calculate days in inventory. Round to a whole number.
Calculate accounts receivable turnover. Round to 1 decimal.
Calculate days sales outstanding. Round to a whole number
Approximately how long is Amazon.com's operating cycle in days?
Answer & Explanation
Solved by verified expert
