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): 2012 2011 2010 2009 Net Sales Revenue Cost of Goods Sold Average Inventory $ 3,600 $ 3,060 $ 2,390 $ 1,970 2,780 2,300 1,860 1,570 240 370 310 250 Required 1-a. Calculate the inventory turnover ratio for 2012, 2011, and 2010. (Round your answers to 1 decimal place.) Times per Year 2012 2011 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 2012 2011 2010 Average Days to Sell Invento ry