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

Problem 11.5 Question Help O Baker Mfg Inc.

Problem 11.5 Question Help O 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 S27,500 Cost of sales $21,940 Inventory $1,300 Total assets $17.940 a) What is Baker's inventory turnover? 16.67 times per year (round your response to two decimal places). b) What is Baker's percentage of assets committed to inventory? % (enter your response as a percentage rounded to two decimal places). Enter your answer in the answer box and then click Check Answer. part 1 remaining Clear All Check

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