Please show all work. P6-41. Analyzing and Interpreting Inventories and Related

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P6-41. Analyzing and Interpreting Inventories and Related Ratios and Disclosures (LO2) The current asset section from The Dow Chemical Company's 2012 annual report follows O2015 Cambriage Basiness Publishers For the Persanl ve Cesar Riv alem O2015 Cambriage Basiness Publishers For the Persanl ve Cesar Riv alem l Asset Recognition and Operating Assets 6-54 December 31 (In millions) 2012 2011 S 4,318 5,444 Cash and cash equivalents Marketable securities and interest-bearing deposits Accounts and notes receivable Trade (net of allowance for doubtful receivables-2012: $121; 2011: $121) Other Inventories 5,074 4,605 4,900 4,726 7,577 8,476 877 334 471 Other current assets 302 Total current assets $23,684 $23,422 The Dow Chemical inventory footnote follows. The following table provides a breakdown of inventories: Inventories at December 31 (In millions) Finished goods Work in process... Raw materials Supplies Total inventories 2012 $4,880 1,910 866 820 $8,476 2011 $4,327 1,716 765 769 $7,577

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Please show all work. P6-41. Analyzing and Interpreting Inventories and Related

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