Problem 2 (Hand) Baker Mfg. Inc. (see Table 11.9) 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. TABLE 11.9 For Problems 11.5 and 11.6 ARROW DISTRIBUTING CORP. Net revenue $16,500 Cost of sales Inventory $13,500 $1,000 Total assets $ 8,600 BAKER MFG. INC. Net revenue Cost of sales $27,500 $21.500 Inventory $ 1.250 Total assets $16,600 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? Activate Window