Performance compare to the industry leaders

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Reference no: EM131116469

Cook Manufacturing wishes to compare its inventory turnover to those of inventory leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory. (a) What is Cook’s inventory turnover? (b) What is Cook’s percent of assets committed to inventory? (c) How does Cook’s performance compare to the industry leaders? Explain.

Reference no: EM131116469

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