Homework Answers
(a) z = (x - µ)/σ = (120 - 140)/25 = -0.8 = 21.19%
(b) z = (x - µ)/σ = (180 - 140)/25 = 1.6 = 94.52%
(c) x = 1.645*25 + 140 = 181.121
(d) x = 2.33*25 + 140 = 198.159
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1313
times per year and
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Baker Mfg. Inc.
Net Revenue
$27 comma 50027,500
Cost of sales
$19 comma 41019,410
Inventory
$1 comma 2901,290
Total assets
$17 comma 82017,820
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Please answer all parts of
question number 3 and type them and bold or underline the correct
answers
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
$19 comma 41019,410
Inventory
$1 comma 2901,290
Total assets
$17 comma 82017,820
a) What is Baker's inventory turnover?...
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