1. What is the inventory turnover?

2. What is the account Receivable turnover ratio?

CONDENSED STATEMENT OF FINANCIAL POSITION OF ABC INC. Assets Liabilities Cash- Php 300,000 Current Liabilities -Php 750,000 Accounts Receivable 600,000 Non-current Liabilities 1,500,000 Inventory 1,350,000 Prepaid Expenses- 450,000 Shareholder's Equity Plant assets (net) 3,000,000 Share capital, par 10 Php 3,000,000 Other Assets 300,000 Accumulated profits-- 750,000 TOTAL- Php 6,000,000 Total Liabilities and Equity- Php 6,000,000