Example: ABC company have the following information for 2008, 2009 2008 2009 Cash 28538 50450 Prepaid expenses 20500 25000 A/R 50000 60000 Allowance of A/R 10000 10000 Net sales 650500 750500 Tax payable 11038 50000 Inventory at ending 70000 90000 COGS 520000 580000 Required: A) Compute the following ratie for 2009 1) A/R turnover in days. 2) Inventory turnover in days. 3) Operating cycle ratio. 4) Working capital ratio. 5) Sales to working ratio. B) Comment for all the above results