20SP OPM 352 Homework #3 30 points Problem 2: (This problem is similar to Textbook problem 3.11 pg 78) ABC Corporation's consolidated income statements and balance sheet for the years 2017 and 2018 is shown below (in thousands of dollars). (Assume 52 weeks/year) Selected Income Statement and Balance Sheet Figures for ABC Corporation 2018 $535,744 $425,980 2019 $585,600 $485,240 Net Sales Cost of Goods Sold Current Assets Cash Inventories Accounts Receivable Complete the table: $24,079 $94,360 $77,785 $44,079 $103,540 $67,785 2018 2019 Length of time in weeks of Factory Process (Flow Time) Length of time in weeks of the Accounts Receivable Process Cost to Cash Flow Time in Weeks Inventory Turns From an operations standpoint, do you think that 2019 is an improvement over 2018? Explain your response. 20SP OPM 352 Homework #3 30 points Problem 2: (This problem is similar to Textbook problem 3.11 pg 78) ABC Corporation's consolidated income statements and balance sheet for the years 2017 and 2018 is shown below (in thousands of dollars). (Assume 52 weeks/year) Selected Income Statement and Balance Sheet Figures for ABC Corporation 2018 $535,744 $425,980 2019 $585,600 $485,240 Net Sales Cost of Goods Sold Current Assets Cash Inventories Accounts Receivable Complete the table: $24,079 $94,360 $77,785 $44,079 $103,540 $67,785 2018 2019 Length of time in weeks of Factory Process (Flow Time) Length of time in weeks of the Accounts Receivable Process Cost to Cash Flow Time in Weeks Inventory Turns From an operations standpoint, do you think that 2019 is an improvement over 2018? Explain your response