Question: Based on the table below, answer the following questions: a. % of assets committed to inventory b. What is the inventory turnover c. What is

Based on the table below, answer the following

Based on the table below, answer the following questions: a. % of assets committed to inventory b. What is the inventory turnover c. What is the weeks of supply Last Year Sales $215,000 Cost of Goods sold 121,000 Gross Margin 94,000 Other Expense 49,000 Net Income 45,000 2,000 10,000 Finished goods inventory Work-in-process inventory Raw material inventory Total inventory (average for year) 5,000 17,000 Other current assets Other assets Total assets 91,000 213,000 321,000

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