Question: The following data are pulled from a recent SDD MANUFACTURING annual report. Assets Raw material inventory 130,000.00 US$ Work-in-process inventory 40,000.00 Finished goods inventory 350,000.00

The following data are pulled from a recent SDD MANUFACTURING annual report.

Assets
Raw material inventory 130,000.00 US$
Work-in-process inventory 40,000.00
Finished goods inventory 350,000.00
Property, plant, and equipment 450,000.00
Other assets 250,000.00
Total assets 1,220,000.00
Condensed Income Statement
Revenue 2,100,000.00
Cost of goods sold 600,000.00
Gross Profit 1,500,000.00
Other expenses 950,000.00
Net income 550,000.00

Calculate: Percent invested in inventory. 2 decimal places. Show Excel solution.

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