Jim Shorts Company makes clothing for schools. Sales in 20X1 were $4,370,000. Assets were as follows:

Cash	$ 154,000
Accounts receivable	843,000
Inventory	471,000
Net plant and equipment	540,000
Total assets	$ 2,008,000

1. Compute the following:

   Note: Round your answers to 2 decimal places.

2. In 20X2, sales increased to $5,800,000 and the assets for that year were as follows:

   Cash	$ 154,000
   Accounts receivable	907,000
   Inventory	1,037,000
   Net plant and equipment	540,000
   Total assets	$ 2,638,000

   Compute the following:

   Note: Round your answers to 2 decimal places.

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