The following data are pulled from a recent HealthPlus Manufacturing Co. annual report. ASSETS (in $1,000) Raw material inventory $15 Work-in-process inventory $5 Finished goods inventory $30 Property, plant & equipment $50 Other assets $100 Total assets $200 Condensed Income Statement (in $1,000) Revenue $500 Cost of goods sold $100 Other expenses $100 Net income $300 What is the % of assets tied to inventory?

The following data are pulled from a recent HealthPlus Manufacturing Co. annual report. ASSETS (in $1,000) Raw material inventory $15 Work-in-process inventory $5 Finished goods inventory $30 Property, plant & equipment $50 Other assets $100 Total assets $200 Condensed Income Statement (in $1,000) Revenue $500 Cost of goods sold $100 Other expenses $100 Net income $300 What is the % of assets tied to inventory?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Concept explainers

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.

Question

The following data are pulled from a recent HealthPlus Manufacturing Co. annual report.
ASSETS (in $1,000)
Raw material inventory
$15
Work-in-process inventory
$5
Finished goods inventory
$30
Property, plant & equipment $50
Other assets
$100
Total assets
$200
Condensed Income Statement (in $1,000)
Revenue
$500
Cost of goods sold
$100
Other expenses
$100
Net income
$300
What is the % of assets tied to inventory?
а.
75%
O b. 50%
С. 25%
O d. 33.3%

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