YIU VIRGINIA INTERNATIONAL UNIVERSITY MBA 511 Working Capital Mgmt Exercises Due 11/7 Name 1. Using the information provided, what is the inventory turnover for the firm? Allied Industries, Inc. Selected Income Statement Items, 2017 Cash Sales Credit Sales Total Sales COGS $1,500,000 $7500,000 $9,000,000 $6,000,000 Allied Industries, Inc. Selected Balance Sheet Accounts 12/31/2017 12/31/2016 Change Accounts Receivable $270,000 $240,000 $30,000 $125,000 $100,000 $25,000 Accounts Payable S110,000 $90,000 $20,000 Inventory 2. Using the information provided, what is the length of the production eycle for the firm? Allied Industries, Inc. Selected Income Statement Items, 2017 Cash Sales Credit Sales Total Sales COGS $1,500,000 $7.500,000 $9,000,000 S6,000,000 Allied Industries, Inc. Selected Balance Sheet Accounts Accounts Receivable $270,000 $240,000 Inventory Accounts Payable $110,000 $90,000 12/31/2017 12/31/2016Change $30,000 $125,000 $100,000 $25,000 $20,000