Problem 4 (25 points) Given below are comparative Balance sor sue sa Sheets and Income Statement for PQR Corporation: PQR Corp PQR Corp Income Statement for year ended 31 December 2018 Balance Sheets Year 2018 Jan 1 Dec 31 351.000 233.800 Sales 87.300 12.300Cost of the goods sold Cash Accounts Receivable Inventory 117.200 -38.900 78.300 2.100 32.000 42.000Gross profit 102.000 103.000 97.000 Operating income 324.300 238.300Interest expenses & 13.100 14.300income taxes 87.000Operating expenses Equipment (net) Accounts payable Dividends payable 76.200 12.000Net Income Capital stock 120.000 120.000 168.200 92.000 324.300 238.300 Retained earnings Compute the following. Show solutions. (a) Inventory Turnover times (5 points) (b) Days to Sell Inventory days (5 points) times (5 points (c) Receivables Turnover days (5 points) Days to Collect Receivables (d) days (5 points) (e) Operating Cycle