Baker Mfg. Inc. (see Table below) 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.

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

What is Baker’s inventory turnover?

What is Baker’s percent of assets committed to inventory?

How does Baker’s performance compare to the industry leaders?