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 a. Calculate percent invested in inventory. (2 marks) b. Calculate 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)