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Muler North Company is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in mulions). 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 Miller North improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage 4. The main competitor for Miler North is Afctic Cat. Prior to being acquired by Textron, incorporated. Arctic Cat reported its inventory turnover was 4.8 and ins gross profit percentage was 5.4 percent Why was. Arctic Cot more likely than Miller North to require a write-down for LCMNRV? 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.) Calculate the average days to sell inventory for 2018 and 2017. (Use 365 days in a year. Use rounded "Inventory Turnover Ratio" and round your answers to 1 decimal place.] Did inventory turnover at Miller North improve or decline in 2018? \begin{tabular}{|l|} \hline Improve \\ \hline Decline \\ \hline \end{tabular} Calculate the 2018 gross profit percentage. (Round your answer to 1 decimal place.) The main competitor for Miller North is Arctic Cat. Pnor 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 more likely than Miller North to require a write-down for LCMNNRV? (Select all that apply.) Arctic Cat had a higher number of days to soll than MH North Arctic Cat had a lower gross profit percentage tian Miller North Ayctic Cat had a greater number of inventory turns than Miler North