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? 2.86x O 24.65 O 22.41 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? Crockett Electronics is holding less inventory per dollar of sales compared to the industry average. O Crockett Electronics is holding more 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 $400,000 each. You've collected company data to compare Like Games and Our Play. Last year, the average sales for all industry competitors was $1,020,000. 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: 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 $400,000 each. You've collected company data to compare Like Games and Our Play. Last year, the average sales for all industry competitors was $1,020,000. 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 fixed assets Total assets Like Games 10,800 220,000 380,000 Our Play 15,600 320,000 500,000 Industry Average 15,400 867,000 938,400 Using this information, complete the following statements to include in your analysis 1. A collecting cash from its customers faster than average 2. Our Play's fixed assets turnover ratio is the acquisition cost of its fixed assets is 3. Like Games's total assets turnover ratio is general, a higher total assets turnover ratio indicates greater efficiency days of sales outstanding represents an efficient credit and collection policy. Between the two companies, is but both companies are collecting their receivables less quickly than the industry than that of Like Games. This could be because Our Play is a relatively new company, so than the recorded cost of Like Games's net fixed assets which is than the industry's average total assets turnover ratio. In