The Following Data Are Pulled from a Recent Walsh Manufacturing

question 84

Essay

The following data are pulled from a recent Walsh Manufacturing annual report.
$\begin{array} { l r }\underline{\text { Assets}}\\ \text { Raw material inventory } & \$ 120,000 \\ \text { Work-in-process inventory } & \$ 50,000 \\ \text { Finished goods inventory } & \$ 300,000 \\ \text { Property, plant \& equipment } & \$ 500,000 \\ \text { Other assets } & \underline{\$ 200,000} \\ \text { Total assets } & \$ 1,170,000\\\\\\\underline{\text { Condensed Income Statement}}\\\text { Revenue } & \$ 2,000,000 \\\text { Cost of goods sold } & \$ 600,000 \\\text { Other expenses } & \underline{\$ 1,000,000} \\\text { Net income } & \$ 400,000 \end{array}$


Calculate: (a) Percent invested in inventory, (b) Inventory turnover, and (c) Weeks of supply.

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Definitions:

Reaction Norms

Patterns of phenotypic expression of a genotype across a range of environmental conditions, illustrating the plasticity of an organism's traits.

Genotypes

The genetic constitution of an organism, determining its specific characteristics.

Different Environments

Variations in the ecological and physical conditions in which organisms live, influencing their life processes and evolution.

Gantt Chart

Graphically displays the scheduling of tasks required to complete a project.