1. ABC Corporation presented the following information in its 2023 financial statements: Cash and marketable securities - P260,000; Inventory - P300,000; Prepaid expenses - P40,000; Accounts Receivable - P400,000; Allowance for credit losses - P40,000; Accounts Payable - P260,000; Accruals - P10,000; Fixed Assets, net - P150,000. Required: Compute the net working capital. 2. You have recently been hired to improve the performance of Miranda Corporation, which has been experiencing a severe cash shortage. As one part of your analysis, you want to determine the firm's cash conversion cycle. Required: Using the information above and a 360-day year, compute the a. Operating Cycle b. Cash Conversion Cycle 3. Wataway, Inc. expects to generate sales of P18 million in the coming year. All sales are done on a credit basis, net 30 days. Wataway has estimated that it takes an average of three days for payment to reach their central office and an additional day to process the payments. What is the opportunity cost of the funds tied up in the mail and processing? Wataway uses a 360-day year in all calculations and can invest free funds at 8%. Suppose a bank offers to reduce total float by 2 days at an annual cost of P5,000, should Wataway accept such offer? 4. The Kunokuno Corporation incurs a fee of P55 each time it withdraws cash from short term investments. It anticipates paying out P500,000 over the next year and can earn an average of 6.5% on short term marketable securities. What is the optimal cash balance that it should maintain for transactions