E7-15 (Algo) Analyzing and Interpreting the Inventory Turnover Rotio [LO 7-5] Pun industries is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): Required: 1-o. Calculate the inventory turnover ratio for 2018 and 2017. 1-b. Calculate the average days to sell imventory for 2018 and 2017. 2 Did inventory turnover at Puri improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage 4. The main competitor for Puri is Arctic Cat. Prior to being acquired by Textron, incorporated, Arctic Cat reported its inventory turnover was 37 and its gross profit percentage was 4.3 percent. Why was Arctic Cat more likely than Puri to require a write-down for LCMNRV? Complete this question by entering your answers in the tabs below. The main competitor for Puri is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 3.7 and its gross profit percentage was 4.3 percent. Why was Arctic Cat more likely than Puri to require a writedown for LCM/iRV? (Select all that apply.) E7-15 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio [LO 7-5] Puri Industries is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements fin millions): Required: 1-a. Calculate the inventory fumover ratio for 2018 and 2017 1.b. Calculate the average days to sell inventory for 2018 and 2017 2. Did inventory turnover at Puri improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage: 4. The main competitor for Puri is Arctic Cat. Prior to being acquired by Textron, incorporated, Avctic Cat reported its inventory tumover was 37 and its gross profit percentage was 4.3 percent. Why was Aretic Cat more lkely than Puri 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. Uno rounded "Inventary Tumover Ratio and round your answers to 1 decimal place.) E7-15 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio [LO 7-5] Puri Industries is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements millions): Required: 1-a. Calculate the inventory turnover ratio for 2018 and 2017. 1-b. Calculate the average days to sell inventory for 2018 and 2017. 2. Did inventory turnover at Puri improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for Puri is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 37 and its gross profit percentage was 4.3 percent. Why was Arctic Cat more likely than Puri to require a writefor LCM/NRV? Complete this question by entering your answers in the tabs below. Calculate the 2018 gross profit percentage. (Round your answer to 1 decimal place.) E7-15 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio [LO 7-5] Puri Industries is the biggest snowmobile manufacturer in the world it reported the following amounts in its financial statements millions): Required: 1-a. Calculate the inventory turnover ratio for 2018 and 2017. 1-b. Calculate the average days to sell inventory for 2018 and 2017. 2. Did inventory turnover at Puri improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for Puri is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 37 and its gross profit percentage was 4.3 percent Why was Arctic Cat more likely than Puri to require a write-c for LCM/NRV? Complete this question by entering your answers in the tabs below. Did inventory tumover at Puri improve or decline in 2018? E7-15 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio [LO 7-5] Puri Industries is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements fin millions): Required: 1-a. Calculate the inventory fumover ratio for 2018 and 2017 1.b. Calculate the average days to sell inventory for 2018 and 2017 2. Did inventory turnover at Puri improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage: 4. The main competitor for Puri is Arctic Cat. Prior to being acquired by Textron, incorporated, Avctic Cat reported its inventory tumover was 37 and its gross profit percentage was 4.3 percent. Why was Aretic Cat more lkely than Puri 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. Uno rounded "Inventary Tumover Ratio and round your answers to 1 decimal place.) E7-15 (Algo) Analyzing and Interpreting the Inventory Turnover Rotio [LO 7-5] Pun industries is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): Required: 1-o. Calculate the inventory turnover ratio for 2018 and 2017. 1-b. Calculate the average days to sell imventory for 2018 and 2017. 2 Did inventory turnover at Puri improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage 4. The main competitor for Puri is Arctic Cat. Prior to being acquired by Textron, incorporated, Arctic Cat reported its inventory turnover was 37 and its gross profit percentage was 4.3 percent. Why was Arctic Cat more likely than Puri to require a write-down for LCMNRV? Complete this question by entering your answers in the tabs below. The main competitor for Puri is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 3.7 and its gross profit percentage was 4.3 percent. Why was Arctic Cat more likely than Puri to require a writedown for LCM/iRV? (Select all that apply.) E7-15 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio [LO 7.5] Puri industries is the biggest snowmobile manufacture in the world. It reported the following amounts in its financial statements (in millions): Required: 1-0. Calculate the inventory turnover ratio for 2018 and 2017 1-b. Calculate the average days to sell inventory for 2018 and 2017 2 Did inventory turnover at Puri improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for Puri is Arctic Cat Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory. turnover was 3.7 and its gross profit percentage was 4.3 percent. Why was Arctic Cat more likely than Puri to require a write-down for LCM/NRV? 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.) E7-15 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio [LO 7.5] Puri industries is the biggest snowmobile manufacture in the world. It reported the following amounts in its financial statements (in millions): Required: 1-0. Calculate the inventory turnover ratio for 2018 and 2017 1-b. Calculate the average days to sell inventory for 2018 and 2017 2 Did inventory turnover at Puri improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for Puri is Arctic Cat Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory. turnover was 3.7 and its gross profit percentage was 4.3 percent. Why was Arctic Cat more likely than Puri to require a write-down for LCM/NRV? 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.) E7-15 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio [LO 7-5] Puri Industries is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements millions): Required: 1-a. Calculate the inventory turnover ratio for 2018 and 2017. 1-b. Calculate the average days to sell inventory for 2018 and 2017. 2. Did inventory turnover at Puri improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for Puri is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 37 and its gross profit percentage was 4.3 percent. Why was Arctic Cat more likely than Puri to require a writefor LCM/NRV? Complete this question by entering your answers in the tabs below. Calculate the 2018 gross profit percentage. (Round your answer to 1 decimal place.) Required informotion Tableau Dashboard Activity 7-1 (Static) Interpreting Balance Sheet Data in a Tableau Dashboard [LO 7-4. 7.5] [The following information applies to the questions displayed below] The Slumber Store (TSS) is a national wholesaler of beds, mattresses, pillows, and sheets Key totals from TSS's most recent and forecasted financial statements are presented in the table below. Tableau Dashboard Activity 7-1 Part 1 Required: 1. Use the financial statement totals to compute the company's actual inventory tumover ratio for this year and its forecasted inventory furnover ratio for next year. Also compute the days- to-sell for this year (actual) and next year (forecasted) is inventory turnover expected to improve or worsen next year? 2. Use the financial statement totals to compute the company's actual gross profit percentage for this year and its forecasted gross profit percentage for next year. Is the gross profit percentage expected to improve or worsen next year? Complete this question by entering your answers in the tabs below. Use the financial statement totals to compute the company's actual gross profit percentage for this year and its forecasted gross profit percentage for next year. Is the gross profit percentage expected to improve or worsen next year? (Round your answers to 2 dedimal places) Required information Tableau Dashboard Activity 7-1 (Static) Interpreting Balance Sheet Data in a Tableau Dashboard [LO 7-4. 7.5] [The following information applies to the questions displayed below] The Slumber Store (TSS) is a national wholesaler of beds, mattresses, pillows, and sheets. Key totals from ISS's most recent and forecasted financial statements are presented in the table below. Cableau Doshboard Activity 7-1 Part 1 Required: Use the financial statement totals to compute the company's actual inventory tumover ratio for this year and its forecasted inventory Ustory urnover ratio for next year. Also compute the days-to-sell for this year (actual) and next year (forecasted). Is inventory turnover expected to improve or worsen next year? 2 Use the financial statement totals to compute the company's actual gross profit percentage for this year and its forecasted gross rofit percentage for next year is the gross profit percentage expected to improve or worsen next year? Complete this question by entering your answers in the tabs below. Use the finandal statement totals to compute the company's actual inventory tumover ratio for this year and its forecasted inventory turnover ratio for next year. Also compute the days-to sell for this year (actual) and next year (forecasted), Is inventory turnover expected to improve or worsen next year? (Round your answers to 2 decimal places). E7-15 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio [LO 7-5] Puri Industries is the biggest snowmobile manufacturer in the world it reported the following amounts in its financial statements millions): Required: 1-a. Calculate the inventory turnover ratio for 2018 and 2017. 1-b. Calculate the average days to sell inventory for 2018 and 2017. 2. Did inventory turnover at Puri improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for Puri is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 37 and its gross profit percentage was 4.3 percent Why was Arctic Cat more likely than Puri to require a write-c for LCM/NRV? Complete this question by entering your answers in the tabs below. Did inventory tumover at Puri improve or decline in 2018