Dropwdown options

Q1: (14.24 or 9.86),(lower or higher), (less or more).

Q2: (higher or lower), (higher or lower)

Q3: (1.09x, 8.01x, 13.33x, 2.86x), ($8.01, $1.09, $2.86, $13.33), (lower or higher), (lower or higher)

Data Collected in dollars) Like Games Our Play Industry Average Accounts receivable 5,400 7,800 7,700 Net fixed assets 110,000 160,000 433,500 469,200 Total assets 190,000 250,000 Using this information, complete the following statements to include in your analysis. than the industry average. It takes Our Play time to 1. Our Play has days of sales tied up in receivables, which is much collect cash from its customers than it takes Like Games. 2. Like Games's fixed assets turnover ratio is than that of Our Play. This is because Like Games was formed eight years ago, so the acquisition cost of its fixed assets is recorded at historic values when the company bought its assets and has been depreciated since then. Assuming that fixed assets prices (not book values) rose over the past six years due to inflation, Our Play paid a amount for its fixed assets. 3. The average total assets turnover in the electronic toys industry is V, which means that of sales is being generated with every dollar of investment in assets. A total assets turnover ratio indicates greater efficiency. Both companies' total assets turnover ratios are than the industry average