In a two-way ANOVA, with one observation per cell, if there are 4 groups and 3 blocks, then there are a total of 7 observations

Service, price, qualifications, action and appreciation are referred to as the five needs of

every customer. Indicate whether the statement is true or false

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.