Solve for the account receivable turnover, basic earning power, inventory turnover, return on equity, market-book ratio, current ratio, times interest earned, debt ratio, operating profit margin, quick ratio, inventory conversion period, price-earnings ratio.

The president of Mayang Inc. has been concerned about its operating performance and financial strenght. She has obtained from of DTi the average of certain ratios for the industry. She gives you these ratios and the companies comparative financial statements for years 2019 and 2018. BALANCE SHEET - Two years ending December 31 2019 2018 Assets: Cash 14,000 10,000 Accounts Receivable 21,000 15,000 Inventories 50,000 43,000 Prepaid Expenses 2.000 6,000 Property and Equipment 190,000 140,000 Accumulated Depreciation (65,000) (54,000) Long term investments 70,000 90,000 Total Assets P 282,000 P 250,000 Liabilities and Stockholders' Equity: Accounts Payable P 26,000 Accrued Liabilities 10,000 Dividends Payable 13,000 Income tax Payable 36,000 Bonds Payable 50,000 Common Stock, P10 par 80,000 Retained Earnings 67,000 P 25,000 12,000 18,000 31,000 40,000 70,000 54,000 Total Liabilities and Stockholders' Equity P282,000 P250,000 INCOME STATEMENT -For the fiscal year ended December 31, 2019 Sales P 230,000 Cost of sales 120,000 Operating expenses 70,000 Interest expenses 5,000 Income taxes 10,000 Additional Information: Common stock is now selling at P25 per share 60% of sales were on account