Question: Problem 11.5 Question Help Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times

Problem 11.5 Question Help Baker Mfg Inc. wishes

Problem 11.5 Question Help 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 assets invested in inventory. Baker Mfg. Inc. Net Revenue $27,500 Cost of sales $20,860 Inventory $1,270 Total assets $ 16,940 a) What is Baker's inventory turnover? times per year (round your response to two decimal places). Enter your answer in the answer box and then click Check Answer. 2 parts remaining Clear All Check

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