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Aegis Industries Inc., Is the biggest snowmobile manufacturer In the world. It reported the following amounts in Its financial statements (In millions): 2813 2812 2814
Aegis Industries Inc., Is the biggest snowmobile manufacturer In the world. It reported the following amounts in Its financial statements (In millions): 2813 2812 2814 2815 Net Sales Revenue $3,788 $3,168 $2,498 $2,078 1,96e 1,670 Cost of Goods Sold 2,880 380 2,408 Average Inventory 328 260 25e Required: 1-a. Calculate the Inventory turnover ratio for 2015, 2014, and 2013. 1-b. Calculate the average days to sell Inventory for 2015, 2014, and 2013. Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Calculate the inventory turnover ratio for 2015, 2014, and 2013. (Round your answers to 1 decimal place.) Times per Year 2015 2014 2013 Inventory Turnover Ratio Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Calculate the average days to selll inventory for 2015, 2014, and 2013. (Use 365 days in a year. Use rounded "Inventory Turnover Ratio" and round your answers to 1 decimal place.) Days 2015 2014 2013 Average Days to Sell Inventory Req 1A Req 2
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