Question: 11 5 baker mfg inc see table 119 wishes...
Baker Mfg. Inc. (see Table 11.9 ) wishes to compare its 11.5 inventory turnover to those of industry leaders, who have turnover of about 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?
*** Please answer all parts and provide answer and steps including formulas to input in excel only. Thank you!***