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The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory $160,000 Work-in-process inventory $90,000 Finished goods inventory $50,000 Property,

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

Assets

Raw material inventory $160,000
Work-in-process inventory $90,000
Finished goods inventory $50,000
Property, plant & equipment $300,000
Other assets $200,000
Total assets $1,050,000
Condensed Income Statement
Revenue $1,800,000
Cost of goods sold $1,000,000
Other expenses $600,000
Net income $200,000

Calculate:

(a)Percent invested in inventory

(b)Inventory turnover

(c)Weeks of supply

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