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ARROW DISTRIBUTING CORP. Net revenue $16,500 Cost of sales $13,500 Average inventory $1,000 Total assets $ 8,600 BAKER MFG. INC. Net revenue $27,500 Cost of sales $21,500 Average inventory $ 1,250 Total assets $16,600 Baker Mfg. Inc. (see Table 11.90) 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 percentage of assets committed to inventory? c. How does Baker's performance compare to the industry leaders