Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,880,000. Assets were as follows Cash Accounts receivable Inventory $ 116,000 822,000 427,000 Net plant and equipment517,000 $ 1,882,000 Total assets a. Compute the following: (Round your answers to 2 decimal places.) Turnover Ratios Accounts receivable 1. turnover 2. Inventory turnover 3.Fixed asset turnover 4. Total asset turnover times times times times b. In 20X2, sales increased to $5,470,000 and the assets for that year were as follows: Cash Accounts receivable Inventory Net plant and equipment $ 116,000 967,000 990,000 517,000 $ 2,590,000 Total assets Compute the following: (Round your answers to 2 decimal places.) Turnover Ratios 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover times times times times