B2. The Mabini Company reports the following data relative to accounts receivable. 2019 2018 Average accounts receivable P 400,000 P 416,000 Net credit sales 2,600,000 3,100,000 The company's terms of sale are net 30 days Required: Compute the accounts receivable turnover and the average collection period. B3. On January 1, 2019. the Aguinaldo Companys inventory was P200,000. During 2019, Aguinaldo purchased P950,000 of additional inventory, On December 31, 2019, Aguinaldo's Inventory was P250,000. Required: What is the inventory turnover and the age of inventory for 2019? B4. From the given data, calculate the following ratios for the Boeing Corporation for 2017 a. current ratio b. quick ratio c. debt to total assets ratio d. prot margin ratio Accounts payable 74,000 Accounts receivable 75,000 Cash 125,000 Inventory 90,000 Short term investment 60,000 Short term notes payable 40,000 Notes payable (due in 2019) 50,000 Total assets 469,000 Total liabilities 185,000 Net sales 240,000 Net income 31,500 B. PROBLEMS SOLVING 8.1 The income statements for Robinson Corporation are presented below: 2019 2018 Sales P 173,000 P 144,000 Sales returns and allowances 17,000 9.000 Net Sales P 156,000 P 135,000 Cost of Goods Sold 93,000 74,200 Gross Prot P 63,000 P 60,800 Selling and administrative expenses 34,000 Operating expenses 26,800 Interest expense 2,800 Income before income tax 24,000 Income tax 7,400 Net Income 16,600 Required: Prepare a comparative income statement offering a percentage analysis of component items in terms of net sales for each year (Vertical analysis)