Find percent of assets in inventory and inventory turnover

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Reference no: EM131763686

ABC Company has total end-of-year assets of $15 million. The first-of-the-year inventory was $800,000, with a year end inventory of $600,000. The annual cost of goods sold was $16 million. Find (1) percent of assets in inventory, (2) inventory turnover, and (3) weeks of supply to assets supply chain performance.

Reference no: EM131763686

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