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Polaris Industries Inc., is the biggest snowmobile manufacturer in the world. Assume that it reported the following amounts in its financial statements (in millions): Required:

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Polaris Industries Inc., is the biggest snowmobile manufacturer in the world. Assume that it reported the following amounts in its financial statements (in millions): Required: 1-a. Calculate the inventory turnover ratio for 2020,2019 , and 2018. (Round your answers to 1 decimal place.) 1-b. Calculate the average days to sell inventory for 2020, 2019, and 2018. (Consider 365 days in a year. Consider inventory Turnove Ratio rounded to 1 decimal ploce. Round final answers to 1 decimal place.) 2. Is Polaris performing better than its competitor where the inventory turnover is 4.5 times per year ( 81.1 days to sell)? Both companies use the same inventory costing method (FIFO) Yes No

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