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

cash	163000
accounts receivable	889000
inventory	411000
net plant and equipment	520000
total assets	1983000

a. compute the following

1. accounts receivable turnover

2. inventory turnover

3. fixed asset turnover

4. total asset turnover

b. in 2014, sales increased to $5,740,000 and the assets for that year were as follows:

cash	163000
accounts receivable	924000
inventory	1063000
net plant and equipment	520000
total assets	2670000

Compute the four ratios again.

c. indicate if there is an improvement or decline in total asset turnover, and based on the other ratios, indicate why this development has taken place