Crawford Construction has a quick ratio of 2.00x, $25,425 in cash, $14,125 in accounts receivable, some inventory, total current assets of $56,500, and total current liabilities of $19,775. The company reported annual sales of $300,000 in the most recent annual report. Over the past year, how often did Crawford Construction sell and replace its inventory? 17.70 x 19.47 x 2.86 x 8.01 x The inventory turnover ratio across companies in the construction industry is 15.05%. Based on this information, which of the following statements is true for Crawford Construction? Crawford Chastruction is holding more inventory per dollar of sales compared to the industry average. Crawford Construction is holding less inventory per dollar of sales compared to the industry average. You are analyzing two companies that manufacture electronic toys-Like Games Inc. and Our Play Inc. Like Games was launched eight years ago, whereas Our Play is a relatively new company that has been in operation for only the past two years. However, both companies have an equal market share with sales of $300,000 each. You ve collected company data to compare Like Games and Our Play. Last year, the average sales for all industry competitors was 5765,000. As an analyst, you want to make comments on the expected performance of these two companies in the coming year. You've collected data from the companies' financial statements. This information is listed as follows: Data Collected (in dollars) Accounts receivable Net foced assets Total assets Data Collected (in dollars) Like Games Our Play 8,100 11,700 165,000 240,000 285,000 375,000 Industry Average 11,550 650,250 703,800 1. A is Using this information, complete the following statements to include in your analysis. days of sales outstanding represents an efficient credit and collection policy, Between the two companies, collecting cash from its customers faster than - but both companies are collecting their receivables less quickly than the industry average: 2. Our Play's fixed assets turnover ratio is than that of Like Games. This could be because Our Play is a relatively new company, so the acquisition cost of its fixed assets is than the recorded cost of Like Games's net fixed assets. 3. Like Games's total assets turnover ratio is than the industry's average total assets turnover ratio. In general, a higher total assets turnover ratio indicates greater efficiency which is