Compute the following:

Activity 1 2015 On the Dot Trading Statement of Financial Position As of December 31 Assets 2017 2016 Current Assets Cash 158 000 P 84 000 Short-term investment 130 000 192 000 Accounts Receivable, net 240 000 200 000 Merchandise Inventory 500 000 530 000 Total Current Assets P1028 000 P 1 006 000 PPE (net) 2 340 000 2 350 000 Total Assets P3 368 000 P3 356 000 P70 000 200 000 180 000 550 000 P 1 000 000 2 360 000 P 3 360 000 P 530 000 P 584 000 P 600 000 Liabilities and Owner's Equity Current Liabilities Accounts Payable Non-Current Liabilities Loan Payable Total Liabilities Owner's Equity Total Liabilities & Owner's Equity 800 000 P1330 000 2 038 000 840 000 P1424 000 1 932 000 860 000 P 1460 000 1 900 000 P 3368 000 P 3 356 000 P3 360 000 On the Dot Trading Income Statement For the Years Ended December 31 2017 2016 Net Sales P 4 972 000 P4 150 000 Cost of Goods Sold 3 046 000 2 444 000 Gross Profit P 1926 000 P 1 706 000 Selling & Admin Expenses 1 556 000 1 500 000 Operating Income P 370 000 P 206 000 Interest Expense 88 000 92 000 Income Before Taxes P 282 000 P 114 000 Income Tax Expense 94 000 42 000 Net income P 188 000 P 72 000 2015 P 3600 000 2 200 000 P 1 400 000 1 200 000 P 200 000 84 000 P 116 000 37 200 P 78 800 Compute the following: 1. Current ratio for 2015, 2016 and 2017 2. Quick ratio for 2015, 2016, and 2017 3. Receivable turnover for 2016 md 2017 4. Average collection period for 2016 and 2017 5. Inventory turnover for 2016 and 2017 6. Average Sales Period for 2016 and 2017 7. Working Capital for 2015, 2016 and 2017