2. Below is financial information for Jorge Inc. (5 marks) Revenue Net income Cost of goods sold (COGS) Total assets Average inventory Average receivables 2018 $30,000,000 3,500,000 17,000,000 14,500,000 5,000,000 4,500,000 2019 $24,000,000 3,000,000 12,500000 10,500,000 3,000,000 3,500,000 a) Calculate 'receivables turnover', 'inventory turnover', and 'asset turnover to determine if Jorge Inc. has become more 'efficient in 2019 vs 2018. (4) 2018 2019 Receivables Turnover Inventory Turnover Asset Turnover b) Do you feel that Jorge Inc. has become more 'effective' in 2019? Explain. (1)