What is bakers percent of assets committed to inventory

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Reference no: EM13842403

Baker management (see table 11.9) wishes to compare its inventory turnover of about 13 times per year and 8 % of their assets invested in inventory.

Baker

Net revenue 27,500

Cost of sales 21,500

Inventory 1,250

Total assets 16,600

Arrow dist corp

Net revenue 16,500

Cost of sales 13,500

Inventory 1,000

Total assets 8,600

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: EM13842403

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