Problem:
Baker Mangement
Net revenue $27,500
Cost of Sales $21,500
Inventory $1,250
Total Assets $16,600
Required:
Question 1) what is bakers inventory turnover?
Question 2) what is the percent of bakers assets committed to inventory?
Question 3) how does bakers performance compare to Arrow distrubuting?
Arrow Distrubuting
Net revenue $16,500
Cost of Sales $13,500
Inventory $1,000
Total Assets $8,600
Solve the problem and show all work.