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Baker Mfg. Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory.
A) What is Baker's inventory turnover?
B) What is Baker's percent of assets committed to inventory?
Tabel
Arrow Distributing Corp.Net Revenue $16,500Cost of Sales $ 13,500Inventory $ 1,000Total Assets $8,600
Baker Mfg. Inc.
Net Revenue $27,500Cost of Sales $21,500Inventory $1,250Total Assets $16,600
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