The main competitor for Polaris is Arctic Cat. Prior to being acquired by Textron, Incorporated,...

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Accounting

The main competitor for Polaris is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 2.9 and its gross profit percentage was 3.5 percent. Why was Arctic Cat more likely than Polaris to require a write-down for LCM or NRV?

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