Business, 06.05.2020 07:15 rleiphart1

The following accounting data is used for questions 8 and 9:

Assets Inventory $530,000
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

Using the above data pulled from a recent Walsh Manufacturing annual report, Walsh’s percentage invested in inventory is closest to:

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The following accounting data is used for questions 8 and 9:

Assets Inventory $530,000...