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 theirassets invested in inventory.Baker Mfg. Inc.Net RevenueCost of salesInventoryTotal assets$27,500$19,650$1,300$17,790a) What is Baker's inventory turnover?times per year (round your response to two decimal places).b) What is Baker's percentage of assets committed to inventory? % (enter your response as a percentage rounded to two decimal places).c) How does Baker's performance compare to the industry leaders?BetterIn Line with IndustryWorse

Given, Net Revenue- $27500 Cost of sales- $19650 Inventory- $1300 Total sales- $17790

Answered: Baker Mfg Inc. wishes to compare its…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Similar questions

Last year, an online retailer of tennis equipment carried an average inventory of $7,500,000.The retailer reported sales revenue of $49,200,000 last year with a cost of goods sold of $23,900,000. Use this information to calculate the inventory turnover for the retailer last year. The inventory turnover for the retailer is ------- turns per year. (Enter your response rounded to two decimal places.)
show work not done in excel Firm Y faces the following: Revenue per order = $10,000 750 orders/deliveries per year Net cost as a percent of revenue = 65% 80% of late deliveries redelivered; 20% cancelled Cost of redelivery = $300 Invoice deduction for redeliveries = $250 4. What is the total lost profit or cash flow from an 85% on-time delivery rate? 5. What is the total lost profit or cash flow from a 95% on-time delivery rate? 6. What is the percentage reduction in total lost profit or cash flow from this 10% increase in on-time delivery?
I need question D solved please (a) What was their average aggregate inventory value? =46,410,239(b) What was their average inventory (measured in weeks of supply)? =6.97(c) What was their inventory turnover?=7.1771BIT operates on a build-to-stock policy, and therefore stores its finishedgoods in a warehouse capable of housing up to 70,000 units. Its annual overhead cost (fixed cost) is $117,000; and it costs $3/unit to house the finished goods. BIT has been approached by a warehouse company offering to house the finished goods for a unit cost of $4.5/unit, with an annual contract cost of $30,000. (d) Should BIT continue operating its own warehouse, or should it employthe warehouse company? Why?
Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue Cost of sales Inventory Total assets $16,320 $14,150 $990 $8,490 a) What is its weeks of supply? weeks (round your response to two decimal places). b) What percentage of Arrow's assets are committed to inventory?% (enter your response as a percentage rounded to two decimal places). c) What is Arrow's inventory turnover? times per year (round your response to two decimal places). d) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is
Can you assist me with Chapter 12 Question 5. Please show the steps it's easier to follow along instead of an excel spreadsheet. Thank you
Explain the basic concepts of inventory control. Use the following guide for each part of the essay: Discusses what ABC analysis consists of for inventory control.Provide two (2) examples of how good inventory control can be maintained. ConclusionDiscuss strategies that an operations manager can use to keep costs related to carrying inventory down.
2. What type of firm generally has the highest proportion of inventory to total assets?a) Retailers.b) Wholesalers.c) Manufacturers.d) Service-Oriented firms.

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