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Jim Shorts Company makes clothing for schools. Sales in 2013 were $4,820,000. Assets were as follows: Cash. $ 163,000 Accounts receivable. 889,000 Inventory.. 411,000 Net

Jim Shorts Company makes clothing for schools. Sales in 2013 were $4,820,000. Assets were as follows:

Cash.

$ 163,000

Accounts receivable.

889,000

Inventory..

411,000

Net plant and equipment..

520,000

Total assets

$1,983,000

a. Compute the following:

1. Accounts receivable turnover

2. Inventory turnover

3. Fixed asset turnover

4. Total asset turnover

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