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
$180,000
Work-in-process inventory
$50,000
Finished goods inventory
$320,000
Property, plant & equipment
$500,000
Other assets
$250,000
Total assets
$1,300,000
Condensed Income Statement
Revenue
$2,400,000
Cost of goods sold
$800,000
Other expenses
$1,000,000
Net income
$600,000
Calculate: a. Percent invested in inventory, b. Inventory turnover, and c. Weeks of supply.

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