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macgeek312 macgeek312
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6 years ago
The following data are pulled from a recent Walsh Manufacturing annual report.
 
  Assets
  Raw material inventory 120,000
  Work-in-process inventory 50,000
  Finished goods inventory 300,000
  Property, plant & equipment 500,000
  Other assets 200,000
  Total assets 1,170,000
 
  Condensed Income Statement
  Revenue 2,000,000
  Cost of goods sold 600,000
  Other expenses 1,000,000
  Net income 400,000
 
  Calculate: (a) Percent invested in inventory, (b) Inventory turnover, and (c) Weeks of supply.
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#1
6 years ago
(a) Percent invested in inventory = (120,000 + 50,000 + 300,000 )/1,170,000 = 40.17
(b) Inventory turnover = 600,000/(120,000 + 50,000 + 300,000 ) = 1.28
(c) Weeks of supply = (120,000 + 50,000 + 300,000 ) /(600,000/52 ) = 40.73
macgeek312 Author
wrote...
#2
6 years ago
Thank you for helping me with this assignment of mine
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