Business, 17.03.2020 04:57 LoserMcBadface

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 comma 500 Cost of sales $20 comma 720 Inventory $1 comma 270 Total assets $17 comma 550 a) What is Baker's inventory turnover? 16.32 times per year (round your response to two decimal places).

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