Aegis Industries Incorporated is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): 2017 Net Sales Revenue Cost of Goods Sold Average Inventory $ 3,300 2,300 2018 $2,760 2,000 330 280 Required: 1-a. Calculate the inventory turnover ratio for 2018 and 2017. 1-b. Calculate the average days to sell inventory for 2018 and 2017. 2. Did inventory turnover at Aegis improve or decline in 2018? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for Aegis is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 3.0 and its gross profit percentage was 3.6 percent. Why was Arctic Cat more likely than Aegis to require a write down for LCM/NRV? Complete this question by entering your answers in the tabs below. Req 1A Req 181 Req 2 Req 3 Reg 4 Calculate the inventory turnover ratio for 2018 and 2017. (Round your answers to 1 decimal place.) Times per Year 2018 2017 Inventory Turnover Ratio Reg 1A Req 18 >