Baker Mfg Inc. wishes to compare its inventory turnover to those of industry? le
ID: 326488 • Letter: B
Question
Baker Mfg Inc. wishes to compare its inventory turnover to those of industry? leaders, who have turnover of about
1313
times per year and
88?%
of their assets invested in inventory.
??????????????????????????????????????????????????
Baker Mfg. Inc.
Net Revenue
?$27,500
Cost of sales
?$19,820
Inventory
?$1,300
Total assets
?$16,570
?a) What is? Baker's inventory? turnover?
nothing
times per year ?(round your response to two decimal? places).
Baker Mfg. Inc.
Net Revenue
?$27,500
Cost of sales
?$19,820
Inventory
?$1,300
Total assets
?$16,570
Explanation / Answer
Baker Mfg. Inc.
Net Revenue =
?$27,500
Cost of sales =
?$19,820
Inventory =
?$1,300
Total assets =
?$16,570
Inventory Turnover Ratio = (Cost of goods sold)/(Average Inventory) =19820 / 1300 = 15.24 times per year
Baker Mfg. Inc.
Net Revenue =
?$27,500
Cost of sales =
?$19,820
Inventory =
?$1,300
Total assets =
?$16,570
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.