Bell Companies is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): Required: 1-a. Calculate the inventory tumover ratio for 2018 and 2017. 1-b. Calculate the average days to sell inventory for 2018 and 2017. 2. Did inventory turnover at Bell improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for Bell is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 4.2 and its gross profit percentage was 4.8 percent. Why was Arctic Cat more likely than Bell to require a write-down for LCMNRV? Complete this question by entering your answers in the tabs below. Calculate the average days to sell inventory for 2018 and 2017. (Use 365 days in a year. Use rounded Inventory Tumover Ratio" and round your answers to 1 decimal place.) The main competitor for Bell is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 4.2 and its gross profit percentage was 4.8 percent. Why was Arctic Cat more likely than Bell to require a writedown for LCM/NRV? (Select all that apply,) Arctic Cat had a higher number of days to sell than Bell. Arctic Cat had a lower gross proft percentage than Bell Arctic Cat had a greater number of inventory turns than Beil. Complete this question by entering your answers in the tabs below. Calculate the inventory turnover ratio for 2018 and 2017. (Round your answers to 1 decimal place.) Calculate the 2018 gross profit percentage. (Round your answer to 1 decimal place.) Complete this question by entering your answers in the tabs below. Did inventory turnover at Bell improve or decline in 2018? Improve Bell Companies is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): Required: 1-a. Calculate the inventory tumover ratio for 2018 and 2017. 1-b. Calculate the average days to sell inventory for 2018 and 2017. 2. Did inventory turnover at Bell improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for Bell is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 4.2 and its gross profit percentage was 4.8 percent. Why was Arctic Cat more likely than Bell to require a write-down for LCMNRV? Complete this question by entering your answers in the tabs below. Calculate the average days to sell inventory for 2018 and 2017. (Use 365 days in a year. Use rounded Inventory Tumover Ratio" and round your answers to 1 decimal place.) The main competitor for Bell is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 4.2 and its gross profit percentage was 4.8 percent. Why was Arctic Cat more likely than Bell to require a writedown for LCM/NRV? (Select all that apply,) Arctic Cat had a higher number of days to sell than Bell. Arctic Cat had a lower gross proft percentage than Bell Arctic Cat had a greater number of inventory turns than Beil. Complete this question by entering your answers in the tabs below. Calculate the inventory turnover ratio for 2018 and 2017. (Round your answers to 1 decimal place.) Calculate the 2018 gross profit percentage. (Round your answer to 1 decimal place.) Complete this question by entering your answers in the tabs below. Did inventory turnover at Bell improve or decline in 2018? Improve