Aegis Industries Inc., is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): Net Sales Revenue Cost of Goods Sold Average Inventory 2012 2013 2014 2015 $3,600 $3,060 $2,390 $1,970 2,780 2,300 1,860 1,570 370 310 250 240 Required: 1-a. Calculate the inventory turnover ratio for 2015, 2014, and 2013. 1-6. 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 5.8 times in 2015 (62. days to sell). Both companies use the same inventory costing method (FIFO). Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 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 Tumover Ratio Req 1A Req 1B > Aegis Industries Inc., is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): Net Sales Revenue Cost of Goods Sold Average Inventory 2012 2013 2014 2015 $3,600 $3,060 $2,390 $1,970 2,780 2,300 1,860 1,570 370 310 250 240 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 5.8 times in 2015 (62.9 days to sell). Both companies use the same inventory costing method (FIFO). Complete this question by entering your answers in the tabs below. Req 1A Req 1B 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 Average Days to Sell Inventory 2013 Aegis Industries Inc., is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): Net Sales Revenue Cost of Goods Sold Average Inventory 2012 2013 2014 2015 $3,600 $3,060 $2,390 $1,970 2,780 2,300 1,860 1,570 370 310 250 240 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 5.8 times in 2015 (62.9 days to sell). Both companies use the same inventory costing method (FIFO). Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 2 Is Aegis performing better than its competitor Snow Pack Corporation where the inventory turned over is 5.8 times in 2015 (62.9 days to sell). Both companies use the same inventory costing method (FIFO). Yes No
