Question: The following data are pulled from a recent Quebec Manufacturing annual report. Assets Raw material inventory $ 1 8 0 , 0 0 0 Work
The following data are pulled from a recent Quebec Manufacturing annual report.
Assets
Raw material inventory
$
Workinprocess inventory
$
Finished goods inventory
$
Property, plant & equipment
$
Other assets
$
Total assets
$
Condensed Income Statement
Revenue
$
Cost of goods sold
$
Other expenses
$
Net income
$
Calculate: a Percent invested in inventory, b Inventory turnover, and c Weeks of supply.
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