The Mavlad Corporation has requested you to analyze its financial statements for 2019 and has provided you with the following information 2019 600,000 16,000 108,000 24,000 81,000 2018 400.000 26,080 95,120 16,000 64,000 60,000 48,000 Account Titles Sales Direct Materials inventory, January 1 Direct Materials Purchases Direct Materials, Inventory Dec. 31 Direct Labor Factory overhead (including depreciation of P10,000 for 2019 and P6,000 for 2018) Operating Expenses (including depreciation of P12,000) Interest Expenses Provision for Income Tax Work in Process, Jan, 1 Work in Process, Dec. 31 Finished goods, Jan. 1 Finished goods, Dec. 31 Cash Marketable Securities Accounts Receivable Factory Supplies Prepaid Expenses Investments Accounts Payable Accrued Expenses Long-Term Loans Payable 250,000 6,000 32,000 27,000 32,000 52,000 48,000 30,000 10,000 50,000 2,400 3,600 50,000 30,500 16,000 120,000 120,000 5,000 23,000 13,800 27,000 45,000 52,000 24,400 32,000 30,000 4,000 4,600 40,000 44,000 23,000 100,000 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