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Calculating inventory turnover

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Reference no: EM13105447

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 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: EM13105447

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