Baker mfg inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 1313 times per year and 88% of their assets invested in inventory. baker mfg. inc. net revenue $27 comma 50027,500 cost of sales $20 comma 05020,050 inventory $1 comma 2801,280 total assets $17 comma 02017,020 a) what is baker's inventory turnover? 15.6615.66 times per year (round your response to two decimal places). b) what is baker's percentage of assets committed to inventory? 88% (enter your response as a percentage rounded to two decimal places).

(A) 156.63 times

(B) 0.75

Explanation:

(A) The computation of the inventory turnover ratio is shown below:

Inventory turnover ratio = (Cost of goods sold) ÷ (Inventory)

                                       = $2,005,020,050  ÷ $12,801,280

                                       = 156.63 times

(B) The computation of the percentage of assets is shown below:

= (Total inventory) ÷ (total assets) × 100

= ($12,801,280) ÷ ($1,702,017,020) × 100

= 0.75

in terms of experimental research, mcdonald’s charging different prices in the two cities relates to

answer; descriptive statistics;