Jim Short's Company makes clothing for schools. Sales in 20 xx1 were $4,550,000. Assets were as follows: Cash $192,000 Accounts receivable 823,000 Inventory 411,000 Net plant and equipment 521,000 Total assets $1,947,000 a. Compute the following: Note: Round your answers to 2 decimal places. Turnaver Ratios 1. Accounts receivable turnover times 2. Inventory turnover times 3. Fixed asset turnover times 4. Total asset turnover times b. In 20 xx2, sales increased to $5,820,000 and the assets for that year were as follows: Cash $192,000 Accounts Receivable $903,000 Inventory $981,000 Net plant and equipment $521,000 Total assests $2,597,000

Compute the following: Note: Round your answers to 2 decimal places. Accounts receivable Turnover 1. Inventory turnover 2. Fixed asset turnover 3. Total asset turnover 4.