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