Jim Short$$s Company makes clothing for schools. Sales in $20$X$1$ were $$4,470,000.$ Assets were as follows:

Cash $ $133,000$

Accounts receivable $850,000$

Inventory $426,000$

Net plant and equipment $536,000$

Total assets $ $1,945,000$

Compute the following:

Note: Round your answers to $2$ decimal places.

In $20$X$2,$ sales increased to $$5,870,000$ and the assets for that year were as follows:

Cash $ $133,000$

Accounts receivable $978,000$

Inventory $1,038,000$

Net plant and equipment $536,000$

Total assets $ $2,685,000$

Compute the following:

Note: Round your answers to $2$ decimal places.

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

multiple choice

Decline

Improvement

Jim Short's Company makes clothing for schools. Sales in $201$ were $$4,470,000.$ Assets were as follows:

a$.$ Compute the following:

Note: Round your answers to $2$ decimal places.

b$.$ In $202,$ sales increased to $$5,870,000$ and the assets for that year were as follows:

Compute the following:

Note: Round your answers to $2$ decimal places.

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

Decline

Improvement