b-1. In 20XY, sales increased to $5,850,000 and the assets for that year were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets $160,000 994,000 1,010,000 521,000 $2,685,000 Compute the following: (Round the final answers to 2 decimal places.) 1. Accounts receivable turnover 2. Inventory turnover 3. Capital asset turnover Total asset turnover b-2. Indicate if there is an improvement or decline in total asset turnover. ho Improvement O Decline