Let's revisit Amazon's annual report. Please visit amazon.com and under Investor Relations, find the 2019 Annual Report.Please copy these numbered questions, andanswer the following questions:
1. Provide the balance of Inventory as of 12/31/2019? (Refer to the Consolidated Balance Sheets, page 40)
2. Provide the balance of Inventory as of 12/31/2018?
3. Provide the balance of Cost of Goods Sold or Cost of Sales for 2019. (Refer to the Statement of Operations, page 38)
4. Compute the inventory turnover for the year 2019. Please show your work
5. Compute the inventory turnover for the year 2018. Hint: In order to compute the average inventory, you will need 2018 and 2017 inventory balances. You might have to refer to the previous year's 10K.
6. What does inventory turnover ratio mean?
7. Did the inventory turnover ratio improve in 2019 compared to 2018?
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