enna$$ Baker, CEO of Baker Mfg$$ Inc., wishes to compare her$$ company's inventory turnover to those of industry$$ leaders, who have turnover of about $1313$ times per year and $88\%$ of their assets invested in inventory.

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Baker Mfg$.$ Inc.

Net Revenue

$$$$27$ comma $50027,500$

Cost of sales

$$$$22$ comma $14022,140$

Inventory

$$$$1$ comma $3001,300$

Total assets

$$$$16$ comma $61016,610$

Part $2$

$$a$)$ What is$$ Baker's inventory$$ turnover? $17\mathrm{.}0317\mathrm{.}03$ times per year $($round your response to two decimal$$ places$).$

Part $3$

$$b$)$ What is$$ Baker's percentage of assets committed to$$ inventory? enter your response here$\%($enter your response as a percentage rounded to two decimal$$ places$).$