What is Baker's percentage of assets committed to inventory?(enter your response as a percentage rounded 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). 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.$27,500$22,040$1,290$16,960Net RevenueCost of salesInventoryTotal assets

Given data Net revenue = $27,500 Cost of sales = $22,040 Inventory = $1290 Total assets = $16960

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Business

Operations Management

What is Baker's percentage of assets committed to inventory?

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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