The following data are pulled from a recent Ehmke Manufacturing Co Inc’s 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

c) Weeks of supply