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

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question

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
AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
steps

Unlock instant AI solutions

Tap the button
to generate a solution

Similar questions
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,