Supply Chain Management (3 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 $70,000 $20,000 $110,000 $300,000 $120.000 $620,000 Condensed Income Statement Revenue Cost of goods sold Other expenses Net income $1.500.000 $800,000 $500.000 $200.000 Calculate (a) Inventory turnover (1 mark) (6) Given Toyota Manufacturing has an inventory turnover of 2 in the same reporting year, interpret the inventory turnover of Walsh Manufacturing. (2 marks)