SHOW YOUR SOLUTIONS and FORMULA, please do not use excel

The Maylad Corporation has requested you to analyze its financial statements for 2019 and has provided you with the following information.

Account Titles	2019	2018
Sales	600,000	400,000
Direct Materials Inventory, January 1	16,000	26,080
Direct Materials Purchases	108,000	95,120
Direct Materials, Inventory Dec. 31	24,000	16,000
Direct Labor	81,000	64,000
Factory overhead (including depreciation of P10,000 for 2019 and P6,000 for 2018)	60,000	48,000
Operating Expenses (including depreciation of P12,000)	250,000	120,000
Interest Expenses	6,000	5,000
Provision for Income Tax	32,000	23,000
Work in Process, Jan. 1	27,000	13,800
Work in Process, Dec. 31	32,000	27,000
Finished goods, Jan. 1	52,000	45,000
Finished goods, Dec. 31	48,000	52,000
Cash	30,000	24,400
Marketable Securities	10,000	32,000
Accounts Receivable	50,000	30,000
Factory Supplies	2,400	4,000
Prepaid Expenses	3,600	4,600
Investments	50,000	40,000
Accounts Payable	30,500	44,000
Accrued Expenses	16,000	23,000
Long-Term Loans Payable	120,000	100,000

The following are to be computed as per request of the officers of the corporation:

1. Average Receivable Collection Period
2. Inventory Turnover
3. Number of Days on Inventory on Hand
4. Number of Days on Raw Materials on Hand
5. Accounts Payable Days
6. Days of Working Capital