1. how is ratio calculated? what does the ratio show? using the data provided, calculate and discuss the implications of sunns RM Inventory Turnover. response should show how you calculate the value.

$211,000 Depreciation expense-Factory Direct labor 250,000 62,000 115,000 15,000 Factory insurance expired Factory utilities Finished goods inventory, beginning Finished goods inventory, ending General and administrative expenses Work in process inventory, beginning Work in process inventory, ending Indirect labor 12,000 200,000 8,000 9,000 100,000 51,000 60,000 Property taxes on factory Raw materials inventory, beginning Raw materials inventory, ending Raw materials purchases Repairs expense-Factory Sales 78,000 313,000 31.000 1,630,000 Selling expenses 230,000