E7-17 Analyzing and Interpreting the Inventory Turnover Ratio ILO 7-6/ Polaris Industries Inc. is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): Required: 1-a. Calculate the inventory turnover ratio for 2010, 20C9, and 2008. (Round your answers to 1 decimal place.)1-b. Calculate the average days to sell inventory for 2010. 2009, and 2008. (Use 365 days in a year. Use rounded Inventory Turnover Ratio and round your answers to 1 decimal place.)2. Is Polaris performing better than its competitor Arctic Cat where the inventory turnover is 4.4 times per year (83.0 days to sell). Both companies use the same inventory costing method (FIFO)