Polaris Industries Inc is the biggest snowmobile manufacturer in the world It reported the following amounts in its financial statements (in millions) Required 1 Calculate to one decimal place the inventory turnover ratio and average days to sell inventory for 2010, 2009, and 2008 2 Comment on any ...

Req 1 2010 2009 2008 Inventory Turnover Ratio Cost of Goods Sold times per year ...

Polaris Industries Inc. is the biggest snowmobile manufacturer in the world. It reported the following amounts in

Question:

Polaris Industries Inc. is the biggest snowmobile manufacturer in the world. It reported the following amounts in its (in millions):

Required:
1. Calculate to one decimal place the inventory turnover ratio and average days to sell inventory for 2010, 2009, and 2008.
2. Comment on any trends, and compare the effectiveness of inventory managers at Polaris to inventory managers at its main competitor, Arctic Cat, where inventory turns over 3.6 times per year (101.4 days to sell). Both companies use the same inventory costing method (FIFO).

Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...