Randomly select annual reports for 10 publicly tradded manufacturing companies. On the balance sheet, or in the related footnotes, for each firm, find the amounts for the three inventory accounts: raw materials, work in process, and finished goods. Then calculate the following for each firm, and the average for the 10 firms:
- Ratio of Raw Material Inventory to total assets
- Ratio of Work in Process Inventory to total assets
- Ratio of Finished Goods Inventory to total assets
- Ratio of total inventory to total assets