Question: The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory $120,000 Work-in-process inventory $45.000 Finished goods inventory $200,000 Property,

The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory $120,000 Work-in-process inventory $45.000 Finished goods inventory $200,000 Property, plant & equipment $500,000 Other assets $200.000 Total assets $1,170.000 Condensed Income Statement Revenue $2,000,000 Cost of goods sold $500,000 Other expenses $1,000,000 Net income $400,000 Calculate: (a) Percent invested in inventory, (b) Inventory turnover, and (c) Weeks of supply. Kes Attach File Browse Local Files Browse Content Collection

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