Jim Short's Company makes clothing for schools. Sales in 2010 were $4,000,000. Assets were as follows: Cash($100,000), Accounts receivables($800,000) Inventory($400,000) Net equipment($500,000) Total assets ($1,8000,000): a. Compute the following:Accounts receivable turnover, Inventory turnover, fixed asset turnover, and Total asset turnover. b. In 2011, sales increased to $5,000,000 and the assets for that year were as follows;Cash ($100,000), Acounts receivables ($900,000), Inventory ($975,000), Net equipment ($500,000), Total assets ($2,475,000).

Compute the four ratios.

C. is there a improvement or a decline in total asset turnover, and based on the other ratios , indicate why this devlopment has taken place.