Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio. Consider the following case: Crockett Electronics has a quick ratio of 2.00x, 26,775 in cash, $14,875 in accounts receivable, some inventory, total current assets of $59,500, and total current liabilities of $20,825. The company reported annual sales of $400,000 in the most recent annual report. Over the past year, how often did Crockett Electronics sell and replace its inventory? O 2.86 x O 24.65x O 22.41 x O 8.01 x The inventory turnover ratio across companies in the electronics industry is 19.05x. Based on this information, which of the following statements is true for Crockett Electronics? O Crockett Electronics is holding more inventory per dollar of sales compared to the industry average. O Crockett Electronics is holding less inventory per dollar of sales compared to the industry average