E7-13 Analyzing and Interpreting the Inventory Turnover Ratio [LO 7-5) 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 2011 2010 2009 $5,200 $ 4,660 $ 3.990 $ 3.570 3,620 3.220 2.810 3.170 520 470 410 400 Required: 1-a. Calculate the inventory turnover ratio for 2012, 2011, and 2010. (Round your answers to 1 decimal place.) Times per Year 2011 2012 2010 Inventory Turnover Ratio 1-b. 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.) Days 2011 2012 2010 Average Days to Sell Inventory