Asset management ratios are used to measure how effectively a firm manages its assets. Consider the following case: Mall Toys Co. has a quick ratio of 2.00x, $30,150 in cash, $16,750 in accounts receivable, some inventory, total current assets of $67,000, and total current liabilities of $23,450. The company reported annual sales of $300,000 in the most recent annual report Over the past year, how often did Mall Toys Co. sell and replace its inventory? O 0.35x O 14.93x O 16.42x 0.39 The inventory turnover ratio across companies in the industry is 12.69x. Based on this information, which of the following statements is true for Mall Toys Co.? O Mall Toys Co. is holding more inventory per dollar of sales compared to the industry average. O Mall Toys Co. is holding less inventory per dollar of sales compared to the industry average