Question: V 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

V Problem 11.5 Question Help Baker Mfg Inc.

V 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 $19,440 Inventory $1,260 Total assets $16,830 a) What is Baker's inventory turnover? 15.42 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. ? 1 part remaining Clear All Check

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