11.10 Based on the data in Table 11.10, you have been asked to determine:

1. The companys percentage of assets committed to inventory last year.

2. The companys percentage of assets committed to inventory this year.

3. The change in the percentage of assets committed to inventory.

4. 	LAST YEAR	THIS YEAR
   Sales	$ 215,000	$ 228,000
   Cost of goods sold	121,000121,000_	131,000131,000_
   Gross margin	94,000	97,000
   Other expenses	49,00049,000_	49,00049,000_
   Net income	45,00045,000__	48,00048,000__
   Finished goods inventory	2,000	5,000
   Work-in-process inventory	10,000	12,000
   Raw material inventory	5,0005,000_	6,0006,000_
   Total inventory (average for year)	17,000	23,000
   Other current assets	91,000	110,000
   Other assets	213,000213,000_	242,000242,000_
   Total assets	321,000	375,000