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Supply Chain Management (6 marks) The following data are pulled from a recent Walsh Manufacturing annual report.
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Question

 Supply Chain Management (6 marks)The following data are pulled from a recent Walsh Manufacturing annual report.

Assets

Raw material inventory                 $120,000

Work-in-process inventory              $50,000

Finished goods inventory              $300,000

Property, plant & equipment         $500,000

Other assets                                    $200,000

Total assets                                  $1,170,000


Condensed Income Statement

Revenue                                       $2,000,000

Cost of goods sold                         $600,000

Other expenses                             $1,000,000

Net income                                     $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 answer

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