the neiman marcus group inc is a high end specialty retailer while amazon com uses i 641639

The Neiman Marcus Group, Inc., is a high end specialty retailer, while Amazon.com uses its e commerce services, features, and technologies to sell its products through the Internet. Recent balance sheet inventory disclosures for Neiman Marcus and Amazon.com are as follows:

	End of Period	Beginning of Period
	Inventory	Inventory
Neiman Marcus Group, Inc.	$720,277,000	$687,062,000
Amazon.com	479,709,000	293,917,000

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

	Neiman Marcus Group, Inc.	Amazon.com
Cost of merchandise sold	$2,321,110,000	$5,319,127,000

a. Determine the inventory turnover and number of days’ sales in inventory for Neiman Marcus and Amazon.com.

b. Interpret your results.