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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 8% of
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 assests invested in inventory Net Revenue-$27,500 Cost of sales-$20,040 inventory- $1,280 Total assests- $17,560 What is Baker" percentage of assests committed to inventory?
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