Ch. 11 Examples solved.xlsx - Baker Mfg Inc(see table wishes to compare its inventory turnover to those of industry leaders who have turnover o 13 times

Ch. 11 Examples solved.xlsx - Baker Mfg Inc(see table...

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BAKER MFG. INC. Net revenue $ 27,500.00 Cost of sales $ 21,500.00 Inventory $ 1,250.00 Total assets $ 16,600.00 a) What is Baker's inventory turnover? Turnover = cost of sales/inventory Turnover 17.2 b) What is Baker's percent of assets committed to inventory ? Inventory investmnet = Inventory /Total assests 7.53% c) How does Baker's performance compare to the industry leaders? Baker Mfg. Inc. (see table) wishes to compare its inventory turnover to those of industry leaders, who 13 times per year and 8% of their assets invested in inventory. a) What is Baker's inventory turnover? b) What is Baker's percent of assets committed to inventory? c) How does Baker's performance compare to the industry leaders? Baker is doing better than the industry. It has turnover of 17.2 compare to the industry average of 13 and only 7.5% of its assets invested in inventory Vs. 8% of the industry.
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o have turnover of about
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ARROW DISTRIBUTING CORP. Net revenue $ 16,500.00 Cost of sales $ 13,500.00 Inventory $ 1,000.00 Total assets $ 8,600.00 a) What is its weeks of supply?
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