Question: 4) The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory $120,000 Work-in-process inventory $50,000 Finished goods inventory $300,000

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

Assets

Raw material inventory $120,000

Work-in-process inventory $50,000

Finished goods inventory $300,000

Property, plant & equipment $500,000

Other assets $200,000

Total assets $1,170,000

Condensed Income Statement

Revenue $2,000,000

Cost of goods sold $600,000

Other expenses $1,000,000

Net income $400,000

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

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