XYZ Corporation has been accused of financial statement fraud by inflating its assets through fictitious sales. As a forensic accountant, you have been asked to investigate the company's financial statements and determine whether there is evidence of such fraud. You have obtained the following financial information for the current year:

Sales revenue: $20,000,000
Accounts receivable: $6,000,000
Allowance for doubtful accounts: $400,000
Inventory: $10,000,000
Property, plant, and equipment: $15,000,000
Accumulated depreciation: $5,000,000

Using this information, answer the following questions:

(a) Calculate the accounts receivable turnover ratio for the current year. Interpret the ratio and explain what it indicates about the company's accounts receivable.
(b) Calculate the inventory turnover ratio for the current year. Interpret the ratio and explain what it indicates about the company's inventory.
(c) Calculate the fixed asset turnover ratio for the current year. Interpret the ratio and explain what it indicates about the company's fixed assets.
(d) Calculate the asset turnover ratio for the current year. Interpret the ratio and explain what it indicates about the company's assets.
(e) Based on your analysis, do you believe that XYZ Corporation is likely inflating its assets through fictitious sales? Explain your answer.

Note: Round all ratios to two decimal places.