Polk Software Inc. has a quick ratio of 2.00x, $38,250 in cash, $21,250 in accounts receivable, some inventory, total current assets of $85,000 and total current liabilities of $29,750. The company reported annual cost of goods sold of $200,000 in the most recent annual report. Over the past year, how often did Polk Software Inc. sell and replace its inventory? O 7.84 x 2.86 x 8.01 x O 8.62 x The inventory turnover ratio across companies in the software industry is 8.62x. Based on this information, which of the following statements is true for Polk Software Inc.? O Polk Software Inc. is holding more inventory per dollar of sales compared to the industry average. O Polk Software Inc. is holding less 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. Uke 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 $200,000 each. You've collected company data to compare Like Games and Our Play. Last year, the average sales for all Industry competitors was $510,000. 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 Data Collected (in dollars) Like Games Our Play 7.800 Accounts receivable Net fixed assets Total assets Industry Average 7.700 133,500 469,200 5400 110,000