Lus: Assignment Analysis of Financial Statements werd Uudy is due WW CUITI U OBUOTOIO e past w nowever, Corliams Wake share with sales of $800,000 each. You've collected company data to compare Like Games and our play. Last year, the average sales for all industry competitors was $2,040,000. 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: (Note: Assume there are 365 days in a year) Accounts receivable Net fixed assets Data Collected in dollars) Like Games Our Play 21.500 31,200 440.000 640,000 750,000 1,000,000 Industry Average 30,800 1.734.000 1,876,800 Total assets Using this information complete the following statements to indude in our analysis than the industry average. It takes our platime to 1. Our play has days of sales tied up in receivables, which is much collect cash from its customers that it takes Uke Games 2 Cike Games's five turnoverato than that of our P. This because Like Dames was formed light years the scquisition cost of its mixed assets is recorded stores when the company bought it uses and has been deprecated in the Assuming that feed assets prices not book valorosover the stars to Infin cur play for at