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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 88?% of their assets invested in inventory.
Baker Mfg: Net revenue- 27,500, Cost of sales- 19,890, inventory- 1300, total assets- 17,120
a. What is bakers inventory turnover? how many times per year rounded two decimal places
b) What is? Baker's percent of assets committed to? inventory? ?(enter your response as a percentage rounded to two decimal? places).
?c) How does? Baker's performance compare to the industry? leaders?
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