Jim Kovacs Company makes supplies for schools. Sales in 20XX were $4,830,000. Assets were as follows: 3 Cash Accounts receivable Inventory Het plant and equipment Total assets $160,000 848,000 466,000 521, een $1,995,000 nts Skipped a. Compute the following: (Round the final answers to 2 decimal places.) Perences 1. Accounts receivable turnover 2. Inventory turnover 3. Capital asses turnover 4. Total asset turnover b-1. In 20XY, sales increased to $5,850,000 and the assets for that year were as follows: Cash Accounts receivable Tutory $160,000 14,000 1,010,000 521 000 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.) X 1. Accounts receivable turnover 2. Inventory turnover 3. Capital asset turnover 4. Total asset turnover x b-2. Indicate if there is an improvement or decline in total asset turnover. O Improvement Decline