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Jim Short s Company makes clothing for schools. Sales in 2 0 X 1 were $ 4 , 4 9 0 , 0 0 0

Jim Shorts Company makes clothing for schools. Sales in 20X1 were $4,490,000. Assets were as follows:
Cash $ 110,000
Accounts receivable 864,000
Inventory 493,000
Net plant and equipment 504,000
Total assets $ 1,971,000
Compute the following:
Note: Round your answers to 2 decimal places.
In 20X2, sales increased to $5,040,000 and the assets for that year were as follows:
Cash $ 110,000
Accounts receivable 981,000
Inventory 1,007,000
Net plant and equipment 504,000
Total assets $ 2,602,000
Compute the following:
Note: Round your answers to 2 decimal places.

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