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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 fin millions): Net

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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 fin millions): Net Sales Revenue Cost of Goods Sold Average Inventory 2017 $ 2,248 1,802 250 2016 $ 2,080 1,537 269 2015 $ 1,957 1,597 261 2014 $ 2,170 1,752 218 Required: 1-a. Calculate the inventory turnover ratio for 2017, 2016, and 2015. (Round your answers to 1 decimal place.) Inventory Turnover Ratio 2017 times per year times per year 2016 2015 times per year 1-6. Calculate the average days to sell inventory for 2017, 2016, and 2015. (Consider 365 days in a year. Consider rounded Inventory Turnover Ratio and round final answers to 1 decimal place.) Average Days to Sell days 2017 2016 2015 days days 2. Is Polaris performing better than its competitor where the inventory turnover is 45 times per year (811 days to sel? Both companies use the same inventory costing method (FIFO). Yes ONo

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