JSS Apparel is one of the largest retail company in the country and usually reflects a healthy financial condition and operational performance through the years. As expected, 2019 was another fruitful year for the company. Nevertheless, the Board of Directors directed the auditors to determine relevant financial ratios.

Presented below are the excerpts from the financial statements of BTS Apparel for years ended December 31, 2018 and December 31, 2019:

2019	2018
Current assets
Cash and cash equivalents	P4,945,216	P776,357
Available for sale - securities	3,946,210	1,049,796
Accounts receivable 1/	10,073,785	3,145,736
Inventories	14,583,453	6,887,592
Other current assets	1,229,763	937,798
TOTAL	P34,778,427	P12,797,279
	2019	2018	2017
Sales	P26,493,377	P9,333,761	P7,391,912
Cost of goods sold	11,127,019	5,124,695	4,070,867
Gross margin	15,366,358	4,209,066	3,321,045

^1/ Allowance for doubtful accounts as of December 31, 2019 - P120,885 and December 31, 2018 - P125,829.

The company's credit term is 90 days.

Required:

A. Compute for the following for 2019:

1. Accounts receivable to total current assets

2. Inventory turnover

3. Cost of sales to sales

4. No. of days sales in receivable

5. No. of days in inventory

B. Based on your computation in letter A and other related financial ratios, identify at least three (3) fraud indicators. Support your answer with clear justification/ explanation.