Polk Software Inc. has a quick ratio of 2.00x, $32,850 in cash, $18,250 in accounts receivable, some inventory, total current assets of $73,000, and total current liabilities of $25,550. The company reported annual cost of goods sold of $100,000 in the most recent annual report. Over the past year, how often did Polk Software Inc. sell and replace its inventory? 4.57 x 5.03 x O 8.01 x O 2.86 x The inventory turnover ratio across companies in the software industry is 3.88x. Based on this information, which of the following statements is true for Polk Software Inc.? Polk Software Inc. is holding less inventory per dollar of sales compared to the industry average. O Polk Software Inc. is holding more inventory per dollar of sales compared to the industry average. Data Collected (in dollars) Like Games Our Play Industry Average Accounts receivable 2,700 3,900 3,850 Net fixed assets 55,000 80,000 216,750 Total assets 95,000 125,000 234,600 Using this information, complete the following statements to include in your analysis. 1. A days of sales outstanding 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. Our Play's fixed assets turnover ratio is than that of Like Games. This could be because Our Play is a relatively new company, so the acquisition cost of its fixed assets is than the recorded cost of Like Games's net fixed assets. 3. Like Games's total assets turnover ratio is , which is than the industry's average total assets turnover ratio. In general, a higher total assets turnover ratio indicates greater efficiency. Polk Software Inc. has a quick ratio of 2.00x, $32,850 in cash, $18,250 in accounts receivable, some inventory, total current assets of $73,000, and total current liabilities of $25,550. The company reported annual cost of goods sold of $100,000 in the most recent annual report. Over the past year, how often did Polk Software Inc. sell and replace its inventory? 4.57 x 5.03 x O 8.01 x O 2.86 x The inventory turnover ratio across companies in the software industry is 3.88x. Based on this information, which of the following statements is true for Polk Software Inc.? Polk Software Inc. is holding less inventory per dollar of sales compared to the industry average. O Polk Software Inc. is holding more inventory per dollar of sales compared to the industry average. Data Collected (in dollars) Like Games Our Play Industry Average Accounts receivable 2,700 3,900 3,850 Net fixed assets 55,000 80,000 216,750 Total assets 95,000 125,000 234,600 Using this information, complete the following statements to include in your analysis. 1. A days of sales outstanding 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. Our Play's fixed assets turnover ratio is than that of Like Games. This could be because Our Play is a relatively new company, so the acquisition cost of its fixed assets is than the recorded cost of Like Games's net fixed assets. 3. Like Games's total assets turnover ratio is , which is than the industry's average total assets turnover ratio. In general, a higher total assets turnover ratio indicates greater efficiency