What is Baker's percentage of assets committed to inventory?(enter your response as a percentage rounded 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). 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.$27,500$22,040$1,290$16,960Net RevenueCost of salesInventoryTotal assets

Given data Net revenue = $27,500 Cost of sales = $22,040 Inventory = $1290 Total assets = $16960

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Operations Management

What is Baker's percentage of assets committed to inventory?

Practical Management Science

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Publisher:WINSTON, Wayne L.

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Question

What is Baker's percentage of assets committed to inventory?

(enter your response as a percentage rounded to two decimal places).

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.
$27,500
$22,040
$1,290
$16,960
Net Revenue
Cost of sales
Inventory
Total assets

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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 $20,000 Inventory $1,210 Total assets $16,880 Part 2 a) What is Baker's inventory turnover? _______ times per year (round your response to two decimal places). Part 3 b) What is Baker's percentage of assets committed to inventory? __________% (enter your response as a percentage rounded to two decimal places). Part 4 c) How does Baker's performance compare to the industry leaders? ▼ Better? In line with industry? Worse?
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