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(Solution) - Tiffany Co is a high end jewelry retailer while Amazon com use

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Tiffany Co. is a high-end jewelry retailer, while uses its e-commerce services, features, and technologies to sell its products through the Internet. Recent balance sheet inventory disclosures for Tiffany and (in thousands) are as follows:

The cost of merchandise sold reported by each company was as follows:

a. Determine the inventory turnover and number of days? sales in inventory for Tiffany and Round to two decimal places.
b. Interpret yourresults.


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This question was answered on: Jul 11, 2017

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