Baker percent of assets committed to inventory

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Reference no: EM131783009

Baker Mfg. Inc. (see Table 11.9) wishes to compare its inventory turnover to those of industry leaders, who have turn-over 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?

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

Reference no: EM131783009

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