Jim Shorts Company makes clothing for schools. Sales in 20X1 were $4,740,000. Assets were as follows:

Cash	$	188,000
Accounts receivable		804,000
Inventory		423,000
Net plant and equipment		585,000
Total assets	$	2,000,000

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

1) Accounts Receivable Turnover

2) Inventory turnover

3) Fixed asset turnover

4) Total Asset turnover

b. In 20X2, sales increased to $5,010,000 and the assets for that year were as follows:

Cash	$	188,000
Accounts receivable		928,000
Inventory		1,056,000
Net plant and equipment		585,000
Total assets	$	2,757,000

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

1) Accounts Receivable Turnover

2) Inventory turnover

3) Fixed asset turnover

4) Total Asset turnover

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