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? Question 26 The following data are pulled from a recent Walsh Manufacturing annual report Assets Raw material inventory Work-in-process inventory Finished goods inventory Property,
? Question 26 The following data are pulled from a recent Walsh Manufacturing annual report Assets Raw material inventory Work-in-process inventory Finished goods inventory Property, plant & equipment $120,000 $50,000 $300,000 $500,000 $200.000 $1,170,000 Other assets Total assets Condensed Income Statement Revenue $2,000,000 Cost of goods sold Other expenses $600,000 $1,000,000 $400,000 Net income Calculate: (a) Percent invested in inventory. (b) Inventory tumover, and (c) Weeks of supply
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