In: Accounting
Aegis Industries Inc., is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions):
2012 | 2013 | 2014 | 2015 | ||||||||||
Net Sales Revenue | $ | 5,100 | $ | 4,560 | $ | 3,890 | $ | 3,470 | |||||
Cost of Goods Sold | 3,520 | 3,110 | 2,710 | 3,070 | |||||||||
Average Inventory | 510 | 460 | 400 | 390 | |||||||||
Required: