Hi, help with part 4

Return to question 4 Aegis Industries Incorporated is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): ts Net Sales Revenue Cost of Goods Sold Average Inventory 2017 $ 3,300 2,380 330 2018 $ 2,760 2,000 280 Required: 1-a. Calculate the inventory turnover ratio for 2018 and 2017. 1-b. Calculate the average days to sell Inventory for 2018 and 2017. 2. Did Inventory turnover at Aegis improve or decline in 2018? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for Aegis Is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its Inventory turnover was 3.0 and its gross profit percentage was 3.6 percent. Why was Arctic Cat more likely than Aegis to require a write-down for LCM/NRV? Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 2 Reg 3 Reg 4 Calculate the 2018 gross profit percentage. (Round your answer to 1 decimal place.) Gross profit percentage for 2018 %%