Graham Pharmaceuticals has a quick ratio of 2.00x, $32,175 in cash, $17,875 in accounts receivable, some inventory, total current assets of $71,500, and total current liabilities of $25,025. The company reported annual cost of goods sold of $600,000 in the most recent annual report. Over the past year, how often did Graham Pharmaceuticals sell and replace its inventory? O 30.77 x O 2.86 x O 27.97 x O 8.01 x The inventory turnover ratio across companies in the pharmaceutical industry is 23.78x. Based on this information, which of the following statements is true for Graham Pharmaceuticals? O Graham Pharmaceuticals is holding less inventory per dollar of sales compared to the industry average. O Graham Pharmaceuticals 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 $600,000 each. You've collected company data to compare Like Games and Our Play. Last year, the average sales for all industry competitors was $1,530,000. 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: Accounts receivable Net fixed assets Total assets Data Collected (in dollars) Like Games Our Play 16,200 23,400 330,000 480,000 570,000 750,000 Industry Average 23,100 1,300,500 1,407,600 Using this information, complete the following statements to include in your analysis. is 1. A 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. is relatively new company, so 2. Our Play's fixed turnover ratio is the acquisition cost of its fixed assets is than that of Like Games. This could be because Our than the recorded cost of Like Games's net fixed assets. than the industry's average total assets turnover ratio. In 3. Like Games's total assets turnover ratio is , which is general, a higher total assets turnover ratio indicates greater efficiency