Business, 27.06.2019 04:10 randall10

Baker mfg inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 1313 times per year and 88% of their assets invested in inventory. baker mfg. inc. net revenue $27 comma 50027,500 cost of sales $20 comma 05020,050 inventory $1 comma 2801,280 total assets $17 comma 02017,020 a) what is baker's inventory turnover? 15.6615.66 times per year (round your response to two decimal places). b) what is baker's percentage of assets committed to inventory? 88% (enter your response as a percentage rounded to two decimal places).

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Baker mfg inc. wishes to compare its inventory turnover to those of industry leaders, who have turno...