Question 26 The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory $120.000 $50,000 $300,000 Work-in-process inventory Finished goods inventory Property, plant & equipment Other assets $500,000 $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