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? mathxl.com Score: 0 of 1 pt 1 of 31 (0 complete) HW Score: 0%, 0 of 31 pts Question Help * 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 Problem 11.5 nventory Baker Mfg. Inc. Net Revenue Cost of sales Inventory Total assets $27,500 $19,830 $1,280 $16,680 a) What is Baker's inventory turnover?times per year (round your response to two decimal places) Enter your answer in the answer box and then click Check Answer Clear All Check Answer

Explanation / Answer

Calculation of inventory turnover:

Inventory turnover= cost of goods sold/inventory

= 19830/1280= 15.49

Inventory turnover is 15.49 times

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