Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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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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