Jim Kovacs Company makes supplies for schools. Sales in 20XX were $4,490,000. Assets were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets $110,000 880,000 493,000 504,000 $1,987,000 a. Compute the following: (Round the final answers to 2 decimal places.) Accounts receivable 1. turnover 2. Inventory turnover 3. Capital asset turnover Total asset turnover X X X b-1. In 20XY, sales increased to $5,040,000 and the assets for that year were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets $110,000 981,000 1,007,000 504,000 $2,602,000 Compute the fallen inn the final anere in Harimal naroe Help 3. Capital asset turnover Total asset turnover X b-1. In 20XY, sales increased to $5,040,000 and the assets for that year were as follows: 50:14 Cash Accounts receivable Inventory Net plant and equipment Total assets $110,000 981,000 1,007,000 504,000 $2,602,000 Compute the following: (Round the final answers to 2 decimal places.) 1. Accounts receivable turnover 2. Inventory turnover Capital asset turnover 4. Total asset turnover 3. x b-2. Indicate if there is an improvement or decline in total asset turnover. O Decine O Improvement