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Click the icon to view the additional information on the financial data. a) Based on total inventory, what is the inventory turnover for last year? Inventory turnover for last year is times per year (round your response to two decimal places). b) Based on total inventory, what is the inventory turnover for this year? Inventory turnover for this year is c) Has inventory turnover improved this year? Inventory turnover has this year. times per year (round your response to two decimal places). More Info Sales Cost of goods sold Gross margin Other expenses Net income Finished goods inventory Work-in-process inventory Raw material inventory Total inventory (average for year) Other current assets Other assets Total assets LAST YEAR $239,000 140,000 99,000 54,000 45,000 Done 3,000 10,000 6,000 19,000 97,000 202,000 318,000 THIS YEAR $254,000 150,000 104,000 54,000 50,000 4,500 12,500 7,500 24,500 106,000 241,000 371,500 - X W

Click the icon to view the additional information on the financial data. a) Based on total inventory, what is the inventory turnover for last year? Inventory turnover for last year is times per year (round your response to two decimal places). b) Based on total inventory, what is the inventory turnover for this year? Inventory turnover for this year is c) Has inventory turnover improved this year? Inventory turnover has this year. times per year (round your response to two decimal places). More Info Sales Cost of goods sold Gross margin Other expenses Net income Finished goods inventory Work-in-process inventory Raw material inventory Total inventory (average for year) Other current assets Other assets Total assets LAST YEAR $239,000 140,000 99,000 54,000 45,000 Done 3,000 10,000 6,000 19,000 97,000 202,000 318,000 THIS YEAR $254,000 150,000 104,000 54,000 50,000 4,500 12,500 7,500 24,500 106,000 241,000 371,500 - X W

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The plant manager, Murat Kristal, at York Technologies makes Aircraft Navigation Systems. He expects you, as the new OM analyst, to provide some insight for performance of the plant. High on his list is an understanding of his inventory turnover based on the financial data provided below. Click the icon to view the additional information on the financial data. a) Based on total inventory, what is the inventory turnover for last year? Inventory turnover for last year is b) Based on total inventory, what is the inventory turnover for this year? Inventory tumover for this year is times per year (round your response to two decimal places). c) Has inventory turnover improved this year? Inventory turnover has this year. times per year (round your response to two decimal places) More Info Sales Cost of goods sold Gross margin Other expenses Net income Finished goods inventory Work-in-process inventory Raw material inventory Total inventory (average for year) Other current assets Other assets Total assets LAST YEAR $239,000 140,000 99,000 54,000 45,000 Done 3,000 10,000 6,000 19,000 97,000 202,000 318,000 THIS YEAR $254,000 150,000 104,000 54,000 50,000 4,500 12,500 7,500 24,500 106,000 241,000 371,500 - X
Transcribed Image Text:The plant manager, Murat Kristal, at York Technologies makes Aircraft Navigation Systems. He expects you, as the new OM analyst, to provide some insight for performance of the plant. High on his list is an understanding of his inventory turnover based on the financial data provided below. Click the icon to view the additional information on the financial data. a) Based on total inventory, what is the inventory turnover for last year? Inventory turnover for last year is b) Based on total inventory, what is the inventory turnover for this year? Inventory tumover for this year is times per year (round your response to two decimal places). c) Has inventory turnover improved this year? Inventory turnover has this year. times per year (round your response to two decimal places) More Info Sales Cost of goods sold Gross margin Other expenses Net income Finished goods inventory Work-in-process inventory Raw material inventory Total inventory (average for year) Other current assets Other assets Total assets LAST YEAR $239,000 140,000 99,000 54,000 45,000 Done 3,000 10,000 6,000 19,000 97,000 202,000 318,000 THIS YEAR $254,000 150,000 104,000 54,000 50,000 4,500 12,500 7,500 24,500 106,000 241,000 371,500 - X
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