Question: Learning Activity #8 MAXX Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 14 times per year

Learning Activity #8 MAXX Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 14 times per year and 9% of their assets invested in inventory. a. What is MAXX's inventory turnover? b. What is MAXX's percentage of assets committed to inventory? c. How does MAXX's performance compare to the industry leaders? MAXX Inc. Net revenue Cost of sales Inventory Total assets $33000 $25800 $ 1500 $19920

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