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Please solve part c only. thanks Supply Chain Management (6 marks) The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw
Please solve part c only. thanks
Supply Chain Management (6 marks) The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory Work-in-process inventory Finished goods inventory Property, plant & equipment Other assets Total assets $120,000 $50,000 $300,000 $500,000 $200,000 $1,170,000 Condensed Income Statement Revenue Cost of goods sold Other expenses Net income $2,000,000 $600,000 $1,000,000 $400,000 Calculate: a. Percent invested in inventory (2 marks) b. Inventory turnover (2 marks) c. Given Toyota has an inventory turnover of 13 in the same reporting year, interpret the inventory turnover of Walsh Manufacturing. (2 marks)Step by Step Solution
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