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. net revenue $27,500 cost of sales $19,690inventory $1,240total assets $17,990 what is baker's inventory turnover?

inventory turnover = $15.879

Explanation:

given data

Net Revenue = $27,500

Cost of sales = $19,690

Inventory = $1,240

Total assets = $17,990

assets invested = 8%

to find out

Baker's inventory turnover

solution

we will apply here formula for  inventory turnover that is express as

inventory turnover =   ..........................1

put here value we get

inventory turnover =

inventory turnover = $15.879

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