The following data are pulled from a recent Walsh Manufacturing annual report. Calculate: $($a$)$ Percent invested in inventory, $($b$)$ Inventory turnover, and $($c$)$ Weeks of supply. Assets Raw material inventory Work$-$in$-$process inventory Finished goods inventory Property, plant & equipment Other assets Total assets $$120,000$ $$50,000$ $$300,000$ $$500,000$ $$200,000$ $$1,170,000$ Condensed Income Statement Revenue Cost of goods sold Other expenses Net income $$2,000,000$ $$600,000$ $$1,000,000$ $$400,000$