Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Best Buy, Inc. (BBY) is a leading retailer of consumer electronics and media products in the United States. Amazon and Best Buy compete in similar markets; however, Best Buy sells through both traditional retail stores and the Internet, while Amazon sells only through the Internet. Sales and accounts receivable information for both companies for a recent period follows (in millions): Amazon Best Buy Sales $135,987 $39,528 Accounts receivable: Beginning of year 5,654 1,280 End of year 8,339 1,162 a. Determine the accounts receivable turnover for each company. Round all calculations to one decimal place. Amazon Best Buy Accounts Receivable Turnover fill in the blank 1 fill in the blank 2 b. Determine the number of days’ sales in receivables for each company. Use 365 days and round all calculations to one decimal place. Amazon Best Buy Number of Days’ Sales in Receivables fill in the blank 3 fill in the blank 4
Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Best Buy, Inc. (BBY) is a leading retailer of consumer electronics and media products in the United States. Amazon and Best Buy compete in similar markets; however, Best Buy sells through both traditional retail stores and the Internet, while Amazon sells only through the Internet. Sales and accounts receivable information for both companies for a recent period follows (in millions): Amazon Best Buy Sales $135,987 $39,528 Accounts receivable: Beginning of year 5,654 1,280 End of year 8,339 1,162 a. Determine the accounts receivable turnover for each company. Round all calculations to one decimal place. Amazon Best Buy Accounts Receivable Turnover fill in the blank 1 fill in the blank 2 b. Determine the number of days’ sales in receivables for each company. Use 365 days and round all calculations to one decimal place. Amazon Best Buy Number of Days’ Sales in Receivables fill in the blank 3 fill in the blank 4
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Best Buy, Inc. (BBY) is a leading retailer of consumer electronics and media products in the United States. Amazon and Best Buy compete in similar markets; however, Best Buy sells through both traditional retail stores and the Internet, while Amazon sells only through the Internet. Sales and accounts receivable information for both companies for a recent period follows (in millions):
| Amazon | Best Buy | |||
| Sales | $135,987 | $39,528 | ||
| Accounts receivable: | ||||
| Beginning of year | 5,654 | 1,280 | ||
| End of year | 8,339 | 1,162 |
a. Determine the accounts receivable turnover for each company. Round all calculations to one decimal place.
| Amazon | Best Buy | |||
| Accounts Receivable Turnover | fill in the blank 1 | fill in the blank 2 |
b. Determine the number of days’ sales in receivables for each company. Use 365 days and round all calculations to one decimal place.
| Amazon | Best Buy | |||
| Number of Days’ Sales in Receivables | fill in the blank 3 | fill in the blank 4 |
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