Given the following information answer the question. Accounts receivable Inventory Net plant and equipment Total assets 900,000

Given the following information answer the question.

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Accounts receivable Inventory Net plant and equipment Total assets 900,000 427,000 591,000 $2,022,000 a. Compute the following: (Round the final answers to 2 decimal places.) 1. Accounts receivable turnover 2. Inventory turnover 3. Capital asset turnover 4. Total asset turnover X X X b. In 20XY, sales increased to $5,430,000 and the assets for that year were as follows: Cash Accounts receivable $104,000 991,000 Inventory 1,053,000 Net plant and equipment 591,000 Total assets $2,739,000 Compute the following: (Round the final answers to 2 decimal places.) 1. Accounts receivable turnover Inventory turnover 2. 3. Capital asset turnover 4. Total asset turnover X c. Indicate if there is an improvement or decline in total asset turnover. Decline Improvement Accounts receivable Inventory Net plant and equipment Total assets 900,000 427,000 591,000 $2,022,000 a. Compute the following: (Round the final answers to 2 decimal places.) 1. Accounts receivable turnover 2. Inventory turnover 3. Capital asset turnover 4. Total asset turnover X X X b. In 20XY, sales increased to $5,430,000 and the assets for that year were as follows: Cash Accounts receivable $104,000 991,000 Inventory 1,053,000 Net plant and equipment 591,000 Total assets $2,739,000 Compute the following: (Round the final answers to 2 decimal places.) 1. Accounts receivable turnover Inventory turnover 2. 3. Capital asset turnover 4. Total asset turnover X c. Indicate if there is an improvement or decline in total asset turnover. Decline Improvement