Question: Required: 1 - a . Calculate the Inventory turnover ratio for 2 0 1 8 and 2 0 1 7 . 1 - b .

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 Clark \& Scott improve or decline in 2018?
3. Calculate the 2018 gross profit percentage.
4. The main competitor for Clark \& Scott Is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 4.9 and its gross profit percentage was 5.5 percent. Why was Arctic Cat more likely than Clark \& Scott to require a write-down for LCM/NRV?
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Req 1 B
Calculate the average days to sell inventory for 2018 and 2017.(Use 365 days in a year. Use rounded "Inventory TL Ratio" and round your answers to 1 decimal place.)
Required: 1 - a . Calculate the Inventory

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