Jim Shorts Company makes clothing for schools. Sales in 20X1 were $4,140,000. Assets were as follows:

Cash	$	160,000
Accounts receivable		812,000
Inventory		413,000
Net plant and equipment		571,000
Total assets	$	1,956,000

a. Compute the following: (Round your answers to 2 decimal places.)

b. In 20X2, sales increased to $5,200,000 and the assets for that year were as follows:

Cash	$	160,000
Accounts receivable		915,000
Inventory		990,000
Net plant and equipment		571,000
Total assets	$	2,636,000

Compute the following: (Round your answers to 2 decimal places.)

c. Is there an improvement or a decline in the total asset turnover?

	Decline
	Improvement