Check 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 $5,000 $4,460 $3,790 $3,370 4,430 3,940 3,420 2,970 5ee 45e 390 389 ook 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 72 times in 2015 (50.7 days to sell). Both companies use the same inventory costing method (FIFO). int rint Complete this question by entering your answers in the tabs below. rences Reg 1A Reg 1B Reg 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 & Reg 1A Reg 1B > O here to search RI - 99 Check my 2 Aegis Industries Inc., is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): pints Net Sales Revenue Cost of Goods Sold Average Inventory 2012 2013 2014 2015 $5,000 $4,460 $3,790 $3,370 4,430 3,940 3,420 2,970 See 450 390 380 Book Required: Hint 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 7.2 times in 2015 (50.7 days to sell). Both companies use the same inventory costing method (FIFO). Print Complete this question by entering your answers in the tabs below. References Req 1A Reg 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 2014 2015 2013 Average Days to Sell Inventory w De here to search O i e Check 2 Aegis Industries Inc., is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements in millions): 2014 oints Net Sales Revenue Cost of Goods Sold Average Inventory 2012 2013 2015 $5,000 $4,460 $3,799 $3,370 4,430 3,940 3,420 2,970 500 450 390 380 eBook Required: Hint 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 72 times in 2015 (50.7 days to sell). Both companies use the same inventory costing method (FIFO). Print Complete this question by entering your answers in the tabs below. References Reg 1A Reg 1B Reg 2 Is Aegis performing better than its competitor Snow Pack Corporation where the inventory turned over is 7.2 times in 2015 (50.7 days to sell). Both companies use the same inventory costing method (FIFO). Ores No pe here to search o 99+
