Information given as below: MESIN NIAGA BERHAD Selected Income Statement Items, 2020 Cash Sales RM1,500,000 Credit Sales RM7,500,000 Total Sales RM9,000,000 COGS RM6,000,000 BBF302/05 3 MESIN NIAGA BERHAD Selected Statement of Financial Position 31 Dec 2020 31 Dec 2019 Accounts Receivable RM270,000 RM240,000 Inventory RM125,000 RM100,000 Accounts Payable RM110,000 RM90,000 You are required to compute: i) the inventory turnover for the firm. ii) the length of the production cycle for the firm. iii) the accounts receivable turnover for the firm. iv) the collection cycle for the firm. v) the accounts payable turnover for the firm. vi) the accounts payable cycle for the firm. (12 marks)