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Change Cell Color If Another Cells Content Is Yes Or No

I have a large workbook with some tasks.

My problem is:

I have 8 columns with info.

In the second column i type a part number and in the third one i type "Yes" or "No".

I wanted to make the second columns cell turn red if the third column's value is Yes or white if the value is No.

Is possible to do that with the help of a formula, conditional formating or vba?

I prefer to use a formula or the conditional formating.

I searched the net but i found a solution if the third column contains a number not a text.

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