$11\mathrm{.}5$ Baker Mfg$.$ Inc. $($see Table $11\mathrm{.}9)$ wishes to compare its inventory tumover to those of industry leaders, who have tumover 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 commitled to inventory?

c$)$ How does Baker's performance compare to the industry leaders?

TADLE $119$

For Problems $11\mathrm{.}5$ and $11\mathrm{.}6$

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