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 |