From the given income statement and additional information of Morales Co., compute the following:
a. Asset turnover for 2021
b. Inventory turnover for 2021
c. Accounts receivable turnover for 2021

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Net Sales Cost of Goods Sold Gross Profit Operating Expenses (includes taxes) Net Income Year-End Accounts Receivable Year-End Inventory All sales were on credit Total Assets 2021 $1,000,000 556,000 $ 444,000 73,000 $ 371,000 2021 $ 80,000 88,000 200,000 2020 $750,000 504,000 $246,000 160,000 $ 86,000 2020 $ 45,000 51,000 155,000