Jim Shorts Company makes clothing for schools. Sales in 20X1 were $4,720,000. Assets were as follows:

Cash	$	189,000
Accounts receivable		883,000
Inventory		444,000
Net plant and equipment		574,000
Total assets	$	2,090,000

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

Turnover Ratios

1.Accounts receivable times?

2.Inventory times?

3.Fixed asset times?

4.Total asset times?

b. In 20X2, sales increased to $5,220,000 and the assets for that year were as follows:

Cash	$	189,000
Accounts receivable		967,000
Inventory		993,000
Net plant and equipment		574,000
Total assets	$	2,723,000

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

1.Accounts receivable times?

2.Inventory times?

3.Fixed asset times?

4.Total asset times?