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Baker Mfg Inc. (see Table 1 1 .8) wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year...

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Baker Mfg Inc. (see Table 1 1 .8) 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. b) What is Baker’s percent of assets committed to inventory?
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