Baker Mfg. Inc. (see Table) 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. 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? Table For Problems 11.5 and 11.6 ARROW DISTRIBUTING CORP. Net revenue $16,500 Cost of sales $13,500 Inventory $1,000 Total assets $ 8,600 BAKER MFG. INC Net revenue $27,500 Cost of sales $21,500 Inventory $ 1,250 Total assets $16,600