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Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders, who...

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Accounting

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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 $19,980 Inventory $1,240 Total assets $16,710 a) What is Baker's inventory turnover? 16.53 times per year (round your response to two decimal places). b) What is Baker's percentage of assets committed to inventory? 7.46% (enter your response as a percentage rounded to two decimal places). c) How does Baker's performance compare to the industry leaders? In Line with Industry Worse Better

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