Jenna Baker, CEO of Baker Mfg Inc., wishes to compare her company's inventory turnover to those of industry leaders, who have turnover of about

13

times per year and

8%

of their assets invested in inventory.

a) What is Baker's inventory turnover? times per year (round your response to two decimal places). Jenna Baker, CEO of Baker Mfg Inc., wishes to compare her company's inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory. a) What is Baker's inventory turnover? Inventory Turnover =InventoryCostofSales=16.96 times per year (round your response to two decimal places). b) What is Baker's percentage of assets committed to inventory? Percentage of Assets Committed to Inventory =TotalAssetsInventory100%=7.67% (enter your response as a percentage rounded to two decimal places). c) How does Baker's performance compare to the industry leaders? You already determined that Baker has a turnover of 16.96 versus 13 for the industry and 7.67% of its assets invested in inventory versus 8% for the industry. Using inventory turnover as a measure of supply chain performance, Baker's performance is