Gym shorts company makes clothing for schools. sales in 20X1 for $4,720,000. assets where is follows:

cash $189,000

Accounts receivable 883,000

inventory 444,000

net plant and equipment 574,000

total assets 2,090,000

a. Compute the following:

1. accounts receivable turnover ___ times

2. inventory turnover ___ times

3. fixed asset turnover ___times

4.total asset turnover___times

b. In 20X2 sales increase to $5,220,000 and assets for that year were as follows:

cash 189,000

accounts receivable 967,000

inventory 993,000

net plan and equipment 574,000

total assets 2,723,000

compute the following:

1. accounts receivable turnover ___ times

2. inventory turnover ___ times

3. fixed asset turnover ___times

4.total asset turnover___times

Problem 3-7 (Algo) Profitability ratios [LO3-2] The Haines Corporation shows the following financial data for 201 and 202 : For each year, compute the following ratios and indicate how the change in each ratio will affect profitability in 202. Note: Input your answers as a percent rounded to 2 decimal places. b. In 202, sales increased to $5,220,000 and the assets for that year were as follows: Compute the following: Note: Round your answers to 2 decimal places