12. York Technologies makes aircraft navigation systems. The plant manager expects you, as the new OM analyst, to provide some insight for performance of the plant. High on the priority list is an understanding of the inventory turnover based on the financial data in the table below. You are to provide the following: a. Based on total inventory, what is the inventory turnover for last year? (2 marks) b. Based on total inventory, what is the inventory turnover for this year? (2 marks) c. Has inventory turnover improved this year? (2 marks) Last Year This Year Sales $215,000 $228,000 Cost of Goods Sold $121,000 $131,000 Gross Margin $94,000 $97,000 Other Expenses $49,000 $49,000 Net Income $45,000 $48,000 Finished Goods Inventory $2,000 $5,000 Work In Process Inventory $10,000 $12,000 Raw Material Inventory $5,000 $6,000 Total Inventory (Avg. for year) $17,000 $23,000 Other Current Assets $91,000 $110,000 Other Assets $213,000 $242,000 Total Assets $321,000 $375,000