Question: 5. 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 &

5. The following data are pulled from a recent

5. 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 $75,000 $25,000 $100,000 $500,000 $200,000 $900,000 Condensed Income Statement Revenue Cost of goods sold Other expenses Net income $2,000,000 $600,000 $1,000,000 $400,000 Calculate: (a) Percent invested in inventory (4 points) (b) Inventory turnover (3 points) (c) Weeks of supply. (3 points)

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