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E7-15 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio [L0 7.5] 585 Industries is the biggost snowmobile manufacturer in the world. it reported the folowing smounts in its franciat statements (in malitions: Required: 1-a. Calculate the inventory tumover ratio for 2018 and 2017 1.b. Calculate the everage days to sell inventory for 2018 and 2017 , 2. Did invertory tumover at 545 improve or decline in 2018? 3. Calcuilate the 2018 gross profit percentage: 4. The main competitor for 535 is Arcte Cas. Priot to being acquired by Textron, incorporated, Arctic Cat reported ts inventoy tumover was 3.8 and its gross proft percentage was 4.4 pitcent. Why was Arctec Cat mare likely than 5 \& 5 to tectire a wrie downt for LCMNREN? Complete this question by entering your answers in the tabs below. E7.15 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio [LO 7.5] mititans') Requited: 1.a. Calculsce the inventiony turnover tatio for 2018 and 2017 . 16. Coculete the trverage deys to seti inventory for 2018 and 2017 . 2. Did itwentiory tumover at SES imptowe or decline in 2018 ? 3. Celculate the 2018 gross profit percemtage. 4. The main compestor for 555 is Arctic Cat. Prior to being scqued by Textron, lnterpotated. Actic Cat reported its invition for LCMWNAV? Complete this question by entering your answern in the tabs below. Mitod and risund pour anseen to 1 decimal place, E7.15 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio \{LO 7-5\} Pequired: 1.a. Calculate the inventory turnover tario for 2018 and 20. 16. Calculate the averege dtys to sell itweritary for 2048 and 200 . 2. Od imventory tuenever at ses improve or decline in 203 ? 3. Calculate the 2048 gross preat percentage. 4. The rain competitor for S\$S is Accic Cat. Prior to being acculed by Texlyon, incorpotayed Anctic Cat ieponted its itveritory turnover was 3.8 and its gross predt percentage was 4.4 percent Why was Arctic Cat mare thely than s.5. to requie a with - 4 onfor LCMPNAN? Complete this evestien by enterist your anverers in the tabs besw. Dd teyentary tumover at ses mpreve or decine in 20187 E7-15 (Algo) Analyzing and Interpeeting the Inventory Turnover Ratio [L0 7.5] milibtry Atculied: 1a. Calculate the imientory tianover tafio for 2015 ond 201 . Ha. Cacculase the avetage carn to sed itvertery for 2018 and 201 ? 2. Did inventory turnover at 565 mprove of decine in 209 th 3. Celculate the 2018 grees poelt perceevige. for LCMNNPV? Complete this questien by entering vour anweers in the talt betin. E7.15 (Algo) Analyzing and Interpreting the Inventory Turnover Ratio [L0 7.5] miliant: Required: 1.a. Calculate the imentory tuenover ratio for 2048 and 2017 . 4.b. Calculate the average days to set imentory for 2023 and 2 orl. 2. Oid teventofy fumerer at 555 improve or deche in 2018 ? 3. Colculate the 2018 gross profit percentage. turnower was 3.8 and its gioss profif perteretege was 4.4 percent. Why was Arctic Cat moce lisely than 565 to requre a wite-dowil for LCMTNFY? Complete this question by eetering yeur answers in the tabs below. Acte Cut hat a higher number of drot to sell han 585 . Ardec Caf ted a inear gres prutt percertage than ss5. Arcir Cac tat a geave numter of inwetery sams that sss