Question: The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory $100,000 Work-in-process inventory $40,000 Finished goods inventory $40,000 Property,

The following data are pulled from a recent Walsh Manufacturing annual report.

Assets

Raw material inventory

$100,000

Work-in-process inventory

$40,000

Finished goods inventory

$40,000

Property, plant & equipment

$400,000

Other assets

$300,000

Total assets

$880,000

Condensed Income Statement

Revenue

$1,800,000

Cost of goods sold

$900,000

Other expenses

$600,000

Net income

$300,000

Calculate:

(a) Percent invested in inventory

(b) Inventory turnover

(c) Weeks of supply.

PLEASE SHOW ALL WORK

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