General Forge and Foundry Company has a quick ratio of 2.00; $24,750 in cash; $13,750 in accounts receivable; some inventory; total current assets of $55,000; and total current liabilities of $19,250. In its most recent annual report, General Forge reported annual sales of $300,000 and a cost of goods sold equal to 65% of annual sales. How many times is General Forge and Foundry Company selling and replacing its inventory? 11.82% 13.002% 18.18x 0.35% The inventory turnover ratio across companies in General Forge's industry is 10.05. Based on this information, which of the following statements is true for General Forge and Foundry Company? General Forge and Foundry Company is holding more inventory per dollar of COGS compared to the industry average. General Forge is holding less inventory per dollar of COGS compared to the industry average. You are analyzing two companies that manufacture electronic toys-IntelliGames Inc. and Brain Games Inc. IntelliGames was launched eight years ago, whereas Brain Games is a relatively new company that has only been in operation for the past two years. However, both companies have an equal market share with sales of $300,000 each. You've gathered up company data to compare intelligames and BrainGames. For the same period, the average sales for industry competitors was $765,000. 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, and the information follows: Data Collected (in dollars) IntelliGames Inc. BrainGames Inc. Industry Average For the same period, the average sales for industry competitors was $765,000. 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, and the information follows: Accounts receivables Net fixed assets Total assets Data Collected (in dollars) IntelliGames Inc. Brain Games Inc. $8,100 $11,700 165,000 240,000 285,000 375,000 Industry Average $8,625 650,250 703,800 Using the preceding information, complete the following statements 1. A days sales outstanding, or average collection period, represents an efficient credit and collection policy, Between the two companies, is collecting cash from its customers faster than but both companies are collecting their receivables less quickly than the industry average. 2. BrainGames Inc.'s fixed asset turnover ratio is than that of IntellGames Inc. This could be because BrainGames is a relatively new company, such that the acquisition costs and book values of its fixed assets is than the acquisition costs and book values of IntelliGames's net fixed assets. than the industry's average total asset turnover ratio. In general, a 3. IntelliGames' total asset turnover ratio is which is higher total asset turnover ratio indicates greater efficiency