The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory $150,000 Work-in-process inventory $50,000 Finished goods inventory $330,000 Property, plant & equipment $500,000 Other assets $140,000 Total assets $1,170,000 Condensed Income Statement Revenue $2,000,000 Cost of goods sold $700,000 Other expenses $1,000,000 Net income $300,000 Calculate: (a) Percentage invested in inventory, (b) Inventory turnover, and (c) Weeks of supply.
The following data are pulled from a recent Walsh Manufacturing annual report.
Assets
Raw material inventory $150,000
Work-in-process inventory $50,000
Finished goods inventory $330,000
Property, plant & equipment $500,000
Other assets $140,000
Total assets $1,170,000
Condensed Income Statement
Revenue $2,000,000
Cost of goods sold $700,000
Other expenses $1,000,000
Net income $300,000
Calculate: (a) Percentage invested in inventory, (b) Inventory turnover, and (c) Weeks of supply.
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