C. Is there an improvement or a decline in the total asset turnover?

Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,890,000. Assets were as follows: Cash Accounts receivable $104.000 859,000 427,000 591.000 $1,981,000 Net plant and equipment Total asBets a. Compute the following: (Round your answers to 2 decimal places.) Turnover Ratios Accounts receivable times imes times imes urmover 2. Inventory turnover 3. Fixed asset turnover 4. Tctal asset turnover b. In 20X2, sales increased to $5,430,000 and the assets for that year were as follows: Cash Accounts receivable $ 104.000 991,000 1,053,000 591.000 Net plant and equipment $2,739,000 Total asBets Compute the following: (Round your answers to 2 decimal places.) Turnover Ratios 1. Accocunts recelvable turnover 2. Inventory tumover 3. Fixed asset turnover 4. Total asset turmover t mes riGs t mes times