E7-15 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio [LO 7-5] Chander Northwest incorporated is the biggest snowmobile manufacturer in the world it reported the following amounts in its financia statements (in militions): Required: 1. . Calculate the inventory turnover ratio for 2018 and 2017 1.b. Calculate the overage days 10 sell inventory for 2018 and 2017 2. Did itwentory turnover at Chander Norttwest improve or decline in 2018? 3. Calculate the 2018 gross profit percentage. 4. The main compelitot for Chander Northwest is Asctic Cat, Priat to being acquared by Testion. Incorporated. Arctic Cat reported ti to require a write-down for LCMNNRY