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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): 2012 2011 2010
Aegis Industries Inc. is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): |
2012 | 2011 | 2010 | 2009 | |||||
Net Sales Revenue | $ | 3,400 | $ | 2,860 | $ | 2,190 | $ | 1,770 |
Cost of Goods Sold | 2,480 | 2,100 | 1,660 | 1,370 | ||||
Average Inventory | 340 | 290 | 230 | 220 | ||||
Calculate the average days to sell inventory for 2012, 2011, and 2010. (Use 365 days in a year. Use rounded "Inventory Turnover Ratio" and round your answers to 1 decimal place.) |
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