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Did inventory turnover at Chander Northwest improve or decline in 2018 ? The main competitor for Chander Northwest is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 3.5 and its gross profit percentage was 4.1 percent. Why was Arctic Cat more likely than Chander (ply.) Chander Northwest Incorporated is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in milions): Hequired: 1-a. Calculate the inventory tumover ratio for 2018 and 2017. 1-b. Caiculate the average days to sell inventory for 2018 and 2017 2. Did inventory turnover at Chander Northwest improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentege. 4, The main competitor for Chander Northwest is Arctic Cat. Prior to being acquired by Textron, incorporated, Arctic Cat reported its inventocy turnover was 3.5 and its gross profit percentage was 4.1 percent. Why was Arctic Cat more likely than Chander Northwest. to require a write-down for LCMNNR? Calculate the 2018 gross profit percentage. (Round volir answer to 1 decimal place.) 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 )