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Jenna Baker, CEO of Baker Mfg Inc., wishes to compare her company's inventory turnover to those of industry leaders, who
Posted: Sun Jul 03, 2022 3:17 pm
by answerhappygod
- Jenna Baker Ceo Of Baker Mfg Inc Wishes To Compare Her Company S Inventory Turnover To Those Of Industry Leaders Who 1 (88.53 KiB) Viewed 10 times
Jenna Baker, CEO of Baker Mfg Inc., wishes to compare her
company's 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 Cost of sales Inventory Total assets $27,500 $21,500 $1,250 $16,600 a) What is Baker's inventory turnover? 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). c) How does Baker's performance compare to the industry leaders?