Question: York Technologies makes aircraft navigation systems. The plant manager expects you,as the new OM analyst, to provide some insight for performance of the plant. High

York Technologies makes aircraft navigation systems. The plant manager expects you,as the new OM analyst, to provide some insight for performance of the plant. High on thepriority list is an understanding of the inventory turnover based on the financial data inthe table below. You are to provide the following:a. Based on total inventory, what is the inventory turnover for last year? (2 marks)b. Based on total inventory, what is the inventory turnover for this year? (2 marks)c. Has inventory turnover improved this year? (2 marks)
Last Year This YearSales $215,000 $228,000Cost of Goods Sold $121,000 $131,000Gross Margin $94,000 $97,000Other Expenses $49,000 $49,000Net Income $45,000 $48,000Finished Goods Inventory $2,000 $5,000Work In Process Inventory $10,000 $12,000Raw Material Inventory $5,000 $6,000Total Inventory (Avg. for year) $17,000 $23,000Other Current Assets $91,000 $110,000Other Assets $213,000 $242,000Total Assets $321,000 $375,00

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