$\backslash (\backslash$mathrm$\{$H$\}\backslash$& $\backslash$mathrm$\{$~S$\}\backslash )$ Industries 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 $2021$ and $2020.$

$1-$b$.$ Calculate the average days to sell inventory for $2021$ and $2020.$

$2.$ Did inventory turnover at H$\backslash$&S improve or decline in $2021?$

$3.$ Calculate the $2021$ gross profit percentage.

$4.$ The main competitor for H$\backslash$&S is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was $4\mathrm{.}3$ and its gross profit percentage was $4\mathrm{.}9$ percent. Why was Arctic Cat more likely than H$\backslash$&S to require a write$-$down for LCM or NRV$?$

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Req $\backslash (1$ B $\backslash )$

Calculate the average days to sell inventory for $2021$ and $2020.$

Note: Use $365$ days in a year. Use rounded "Inventory Turnover Ratio" and round your answers to $1$ decimal place.