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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) Net Sales Revenge

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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) Net Sales Revenge Cost of Goods Sold Average Inventory 2012 2013 2014 2015 $4,200 $3,660 $2,0 $2,570 3,470 2,950 2,470 2,170 370 310 300 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 2. Is Aegis performing better than its competitor Snow Pack Corporation where the inventory turned over is 64 times in 2015 (570 days to sell Both companies use the same inventory costing method (FIFO) Complete this question by entering your answers in the tabs below. Reg 1A Rog 10 Reg 2 Calculate the inventory turnover ratio for 2015, 2014, and 2013. (Round your answers to 1 decimal place) Tines per Year 2014 2015 2013 Inventory Turnover Ratio Req 18 > Aegis Industries Inc. is the biggest snowmobile manufacturer in the world it reported the following amounts in its financial statements On millions) Net Sales Revenue Cost of Goods Sold Average Inventory 2012 2015 2014 2015 $4,200 $3,660 82.990 $2,520 3,470 2.950 2,470 2,170 430 30 310 300 Required: 1-o. Calculate the inventory turnover ratio for 2015, 2014 and 2013 1-b. Calculate the average days to sell inventory for 2015, 2014, and 2013 2. Is Aegis performing better than its competitor Snow Pack Corporation where the inventory turned over is 64 times in 2015 (570 days to sell). Both companies use the same inventory costing method (FIFO) Complete this question by entering your answers in the tabs below. Reg 1 Reg 16 Reg 2 Calculate the average days to sell 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

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