Refer to the financial statements of Polaris in appendix A in Artic Cat Inc. answer the following questions:

1. What is the total dollar amount of the five (5) accrued expenses listed under current liabilities for 2010?

2. Compute total asset turnover for the year ended December 31, 2011 for Artic Cat (to find average total assets – add the amount of total assets for 2011 and 2010 and divide by 2):

3. Compute total asset turnover for the year ended December 31, 2010 for aortic cat. Assume total assets at December 31 2009 are $251,165 (to find average total assets – add the amount of total assets for 2010 and 2009 and divide by 2):

Answer rating: 100% (QA)

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