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. Baker Mfg. Inc Net Revenue Cost Of Sales Inventory Total Assets $27,500 $19,320 $1,300 $17,110 A) What Is Baker's Inventory Turnover?Times Per Year (Round Your Response To Two Decimal

 

 

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. Baker Mfg. Inc. Net Revenue Cost of sales Inventory Total assets $27,500 $19,320 $1,300 $17,110 a) What is Baker's inventory turnover? times per year (round your response to 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? Enter your answer in each of the answer boxes. In Line with Industry Worse Better