Assess the efficiency of company T in terms of its inventory turnover, A/R turnover, and asset turnover for the two years for which data is provided. Comment on whether efficiency has increased or decreased. Use fiscal year end data for calculations rather than averages. Round to 2 decimal places. Balance Sheet 2019 2020 Current Assets Cash and Equivalents 536.0 2,825.0 Accounts Receivable - Trade 2,345.0 2,398.0 Inventories 2,579.0 2,743.0 Prepaid Expenses and Other 1,120.0 891.0 Restricted Cash (Short-Term) 54.0 92.0 Short-Term Investments 30.0 20.0 Total Current Assets 6,664.0 8,969.0 Noncurrent Assets Property Plant & Equipment - Net 5,659.0 5,923.0 Other Intangible Assets 500.0 560.0 Goodwill 23,376.0 23,620.0 Other Noncurrent Assets 1,088.0 1,687.0 Customer Lists/Contracts 3,424.0 3,107.0 Research & Development - Net 11,054.0 10,146.0 Total Assets 51,765.0 54,012.0 Current Liabilities Accounts Payable - Trade 1,092.0 1,355.0 Short-Term Borrowings 1,309.0 707.0 Accrued Compensation/Postretirement Obligation 987.0 993.0 Accrued Expenses 2,127.0 2,638.0 Income Taxes Accrued/Payable 140.0 143.0 Total Current Liabilities 5,655.0 5,836.0 Non Current Liabilities Long Term Debt 18,081.0 17,224.0 Pension/Postretirement Liabilities 1,272.0 1,435.0 Other Noncurrent Liabilities 5,676.0 5,752.0 Stockholder Equity Preferred Stock 2.0 2.0 Common Stock 347.0 365.0 Additional Paid In Capital 16,270.0 19,270.0 Treasury Stock (Amount) -6,190.0 -6,138.0 Deferred Compensation (Stockholders Equity) 23.0 23.0 Accumulated Other Comprehensive Income -2,284.0 -2,548.0 Retained Earnings (Accumulated Deficit) 12,913.0 12,791.0 Par Value 1.00 1.00 Treasury Shares (Number) 76.3 74.6 Shares Issued 346.7 364.6 Total Shareholders Equity 21,081.0 23,765.0 Shares Authorized 640.0 640.0 Total Liabilities and Shareholders Equity 51,765.0 54,012.0 Income statement 09/30/2019 09/30/2020 Revenue 17,290.0 17,117.0 + Sales & Services Revenue 17,290.0 17,117.0 - Cost of Revenue 9,002.0 9,540.0 + Cost of Goods & Services 9,002.0 9,540.0 Gross Profit 8,288.0 7,577.0 - Operating Expenses 6,528.0 6,093.0 + Selling, General & Admin 4,332.0 4,325.0 + Research & Development 1,062.0 1,096.0 + Other Operating Expense 1,134.0 672.0 Operating Income (Loss) 1,760.0 1,484.0 - Non-Operating (Income) Loss 584.0 499.0 + Interest Expense, Net 627.0 521.0 + Foreign Exch (Gain) Loss 0.0 17.0 + Other Non-Op (Income) Loss -43.0 -39.0 Pretax Income 1,176.0 985.0 - Income Tax Expense (Benefit) -57.0 111.0 + Current Income Tax 576.0 397.0 + Deferred Income Tax -633.0 -286.0 Income (Loss) from Cont Ops 1,233.0 874.0 Net Income, GAAP 1,233.0 874.0 - Preferred Dividends 152.0 107.0 Net Income Avail to Common, GAAP 1,081.0 767.0