Sandals Company is preparing the annual financial statements dated December 31 . Ending inventory is presently recorded at its total cost of $3,575. Information about its inventory items follows: Required: 1. Compute the LCM/NRV write-down per unit and in total for each item in the table. Also compute the total overall write-down for all items. 2. How will the write-down of inventory to lower of cost or marketet realizable value affect the company's expenses reported for the year ended December 31 ? 3. Compute the amount that should be reported for the inventory on December 31 , after the LCM/NRV rule has been applied to each item. Complete this question by entering your answers in the tabs below. Compute the LCM/NRV write-down per unit and in total for each item in the table. Also compute the total overall write-down for all items. Puri Industries is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): Required: 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 Puri improve or decline in 2018? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for Puri is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 3.7 and its gross profit percentage was 4.3 percent. Why was Arctic Cat more likely than Puri to require a write-dow for LCM/NRV? 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.)