Question

Baker Mfg Inc. wishes to compare its inventory turnover to those of industry? leaders, who have turnover of about

1313

times per year and

88?%

of their assets invested in inventory.

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Baker Mfg. Inc.
Net Revenue	?$27 comma 50027,500
Cost of sales	?$19 comma 82019,820
Inventory	?$1 comma 3001,300
Total assets	?$16 comma 57016,570

?a) What is? Baker's inventory? turnover?

15.215.2

times per year ?(round your response to two decimal? places).

?b) What is? Baker's percent of assets committed to? inventory?

7.857.85?%

?(enter your response as a percentage rounded to two decimal? places).

?c) How does? Baker's performance compare to the industry? leaders?

?

A-in line with industry

B- better

C- Worse

Answer 1