Miller North Company is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): 2017 2018 Net Sales Revenue $ 5,100 $ 4,560 Cost of Goods Sold 3,520 3,110 Average Inventory 510 460 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 Miller North improve or decline in 2018? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for Miller North is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 4.8 and its gross profit percentage was 5.4 percent. Why was Arctic Cat