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 3,400 $2,860 $2,190 1,770 2,480 2,100 1,660 1,370 340 290 230 220 Required: -a. Calculate the inventory turnover ratio for 2015, 2014, and 2013. -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 5.6 times in 2015 (65.2 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 Req 2 Calculate the inventory turnover ratio for 2015, 2014, and 2013. (Round your answers to 1 decimal place.) Times per Year 2014 2015 2013 Inventory Turnover 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 $3,400 $2,860 $2,190 $1,770 2,480 2,100 1,660 1,370 220 340 290 230 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 5.6 times in 2015 (65.2 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 Req 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 2014 2015 2013 Average Days to Sell Inven tory Prev 7 of 7 Next 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 $3,400 $2,860 $2,190 $1,770 2,480 2,100 1,660 1,370 220 340 290 230 Required 1-a. Calculate the inventory turnover ratio for 2015, 2014, and 2013 1-b. Calculate the average days to sel inventory for 2015, 2014, and 2013 2. Is Aegis performing better than its competitor Snow Pack Corporation where the inventory turned over is 5.6 times in 2015 (65.2 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 Req 2 Is Aegis performing better than its competitor Snow Pack Corporation where the inventory turned over is 5.6 times in 2015 (65.2 days to sell). Both companies use the same inventory costing method (FIFO) Yes ONo K Req 1EB Req 2
