E7 13 Analyzing and Interpreting the Inventory Turnover Ratio LO 7 5 Polaris Industries Inc is the biggest snowmobile manufacturer in the world It reported the following amounts in its financial statements (in millions) 2012 2011 2010 2009 Net Sales Revenue $ 3,200 $ 2,660 $ 1,990 $ 1,570 Cost of Goods Sold 2,280 1,900 1,460 1,170 Average Inventory 320 270 210 200 Required 1 a Calculate the inventory turnover ratio for 2012, 2011, and 2010 (Round your answers to 1 decimal

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Question: E7-13 Analyzing and Interpreting the Inventory Turnover Ratio [LO 7-5] Polaris Industries Inc. is the biggest snowmobile manufacturer in the world. It reported the following

E7-13 Analyzing and Interpreting the Inventory Turnover Ratio [LO 7-5]

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

	2012		2011		2010		2009
Net Sales Revenue	$	3,200	$	2,660	$	1,990	$	1,570
Cost of Goods Sold		2,280		1,900		1,460		1,170
Average Inventory		320		270		210		200

Required:
1-a.	Calculate the inventory turnover ratio for 2012, 2011, and 2010. (Round your answers to 1 decimal

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