Q$11$:Vo Manufacturing is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements $($in millions$)$:

$1-$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 Vo improve or decline in $2018?$

$3.$ Calculate the $2018$ gross profit percentage.

$4.$ The main competitor for Vo is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was $3\mathrm{.}9$ and its gross profit percentage was $4\mathrm{.}5$ percent. Why was Arctic Cat more likely than Vo to require a write$-$down for LCM$/$NRV$?$

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