Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,310,000. Assets were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets a. Compute the following: $ 160,000 870,000 443,000 500,000 $ 1,973,000 Note: Round your answers to 2 decimal places. 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover Turnover Ratios times times times times b. In 20X2, sales increased to $5,130,000 and the assets for that year were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets Compute the following: $ 160,000 951,000 1,062,000 500,000 $ 2,673,000 Note: Round your answers to 2 decimal places. 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover Turnover Ratios times times times times