Vo Manufocturing is the biggest snowmobile manufocturer in the world. it reported the following amounts in its financial statements fin millions): Required: 1-a. Calculate the inventory furnover ratio for 2018 and 2017. 1-b. Calculate the average days to sell inventory for 2018 and 2017 . 2. Oid inventory turnover of Vo improve or decline in 2018 ? 3. Calculate the 2018 gross proft percentage. 4. The main competitor for Vo is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its imventory turnover was 3.9 and its gross profit percentage was 4.5 percent. Why was Arctic Cat more likely than Vo to require a write-dawn for LCMNRV? Complete this question by entering your answers in the tabs below. Calculate the average days to sell inventory for 2018 and 2017. (Use 365 days in a year. Use rounded "Inventory Tumover fatio' and round your answers to i decimal place.) Vo Manufocturing is the biggest snowmobile manufacturer in the worid. it reported the folowing amounts in its financial statements fin millionsk Required: 1-a. Calculate the inventory turnover ratio for 2018 and 2012. 1-b. Calculate the average days to sell inventory for 2018 and 2017. 2. Did inventory tumover at Vo improve or decline in 2018 ? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for Vo is Arctic Cet. Prior to being acquired by Textron, Incorporated. Arctic Cat reported its inventory turnower was 39 and its gross profis percentage was 45 persent. Why was Arctic Cat more ikely than Vo to require a write-down for LCMNAR? Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the 2018 pross profit percentage. (Round vou answer to 1 decimal place.) Vo Manufacturing is the biggest snowmobile manufacturer in the world, It reported the following omounts in its financial statements fin mittions) Required: 1-a. Calculate the inventory furnover 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. Prioe to being acquired by Textron, incorporated, Arctic Cat reported its inventory turnover was 3.9 and its gross profit percentage was 4.5 percent. Why was Arctic Cat more likely than Vo to require a write-down for LCMNRV? 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.)