Continuing Company AnalysisAmazon: Days cash on hand Amazon.com, Inc. is one of the largest Internet...
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Continuing Company AnalysisAmazon: Days cash on hand
Amazon.com, Inc. is one of the largest Internet retailers in the world. Netflix, Inc. provides digital streaming and DVD rentals in the United States. Amazon and Netflix compete in streaming and digital services; however, Amazon also sells many other products online. The cash, temporary investments, operating expenses, and depreciation expense from recent financial statements were reported as follows for both companies (in millions):
| Amazon | Netflix | |||
| Balance sheet, end of year: | ||||
| Cash | $14,557 | $1,114 | ||
| Temporary investments | 495 | |||
| Income statement: | ||||
| Operating expenses | 88,810 | 5,102 | ||
| Depreciation expense | 4,746 | 2,781 |
a. Determine the days cash on hand for Amazon and Netflix. Round all calculations to one decimal place.
| Amazon | Netflix | |||
| Days Cash on Hand | days | days |
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