4) The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory Work-in-process inventory Finished goods inventory Property, plant & equipment Other assets Total assets S150,000 $50,000 $330,000 $500,000 $140,000 $1,170,000 Condensed Income Statement Revenue Cost of goods sold Other expenses Net income $2,000,000 $700,000 $1.000.000 $300,000 Calculate: (a) Percentage invested in inventory, (b) Inventory turnover, and (c) Weeks of supply, If industry standards are : Percentage invested in inventory, 35% (b) Inventory turnover(5), how are they doing? What is your recommendations? (a) Percentage invested in inventory =(Avg inventory investment total assets)*100 (b) Inventory turnover-cost of goods sold average inventory investment