Question: - 1 1 . 5 Baker Mfg . Inc. ( see Table 1 1 . 9 ) wishes to inventory turnover to those of industry

-11.5 Baker Mfg. Inc. (see Table 11.9) wishes to 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?
b) What is Baker's percentage of assets committed to inventory?
c) How does Baker's performance compare to the industry leaders?
TABLE 11.9
For Problems 11.5 and 11.6
\table[[ARROW DISTRIBUTING CORP.,],[Net revenue,$16,500
 -11.5 Baker Mfg. Inc. (see Table 11.9) wishes to inventory turnover

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