The following data are pulled from a recent Walsh Manufacturing annual report. Calculate the percent invested in inventory. Round your answer. For instance: if 25.2 then put 26; if 25.7 then put 26.

Assets Raw material inventory $120,000

Work-in-process inventory $50,000

Finished goods inventory $300,000

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 $600,000

Other expenses $1,000,000

Net income $400,000