2) The following data are pulled from a recent Walsh Manufacturing annual report.

Assets

Raw material inventory $150,000

Work-in-process inventory $50,000

Finished goods inventory $330,000

Property, plant & equipment $500,000

Other assets $140,000

Total assets $1,170,000

Condensed Income Statement

Revenue $2,000,000

Cost of goods sold $700,000

Other expenses $1,000,000

Net income $300,000

Calculate: (a) Percentage invested in inventory, (b) Inventory turnover, and (c) Weeks of supply.