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Calculate the gross profit percentage for ABC Company. Aegis Industries Inc., is the biggest snowmobile...

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Accounting

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Calculate the gross profit percentage for ABC Company. Aegis Industries Inc., is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions) 2014 2015 Cost of Goods Sold 3,400 3,000 Average Inventory 380 370 Required Required 1. 1-a. Calculate the inventory turnover ratio for 2015 and 2014 2 1-b. Calculate the average days to sell inventory for 2015 and 2014

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