How does bakers performance compare to the industry leaders

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Reference no: EM13886321

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.

What is Baker's inventory turnover?
What is Baker's percent of assets committed to inventory?
How does Baker's performance compare to the industry leaders?

ARROW DISTRIBLTION CORP.
Net Revenue	$16,500
Cost of Sales	$13,500
Inventory	$1,000
Total Assets	$8,600
BARKER MFG. INC.
Net Revenue	$27,500
Cost of Sales	$21,500
Inventory	$1,250
Total Assets	$16,600

Reference no: EM13886321

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