Problem 3-21 (Algo) Turnover ratlos [LO3-2] Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,890,000. Assets were as follows: $ 184,000 859,000 427,000 591,000 $ 1,981,eee Accounts receivable Inventory Net plant and equipment Total assets a. Compute the following: Note: Round your answers to 2 decimal places. 1. Accounts receivable tumover 2. Inventory turnover 3. Fixed turnover 4. Total asset turnover b. In 20X2 sales increased to $5,430,000 and the assets for that year were as follows: Accounts receivable Inventory Net plant and equipment Total assets Turnover Ratios 5.69 times 11.45 times 8.27 times 2:47 times 1. Accounts receivable tumover 2. Inventory turnover 3. Fixed asset turnover 4. Tatal asset turnover $ 104,000 991,808 1,853,008 $91,000 $ 2,739,800 Compute the following Note: Round your answers to 2 decimal places. Turnover Ratios times Lin