Assume Amazon.com reported the following amounts in its (in millions):
Required:
1. Determine the and average days to sell inventory for 2017 and 2016. Round to one decimal place.
2. Comment on any changes in these measures and compare the inventory turnover at Amazon.com to inventory turnover at Barnes & Noble, Inc., where inventory turned over 3.2 times during 2017 (114.1 days to sell). Based on your own experience, what’s the key difference between Amazon.com and Barnes & Noble that leads one company’s results to be the picture of efficiency and the other to seem like a library?
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