$\backslash$table$[[,$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.

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.

Our Play's fixed assets turnover ratio i 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 record$$d cost of Like Games's net fixed assets.

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.

Asset management ratios

Asset management ratios are used to measure how effectively a firm manages its assets, by relating thehmount a firm has invested in a particular type of asset $($or group of assets$)$ to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period $($also called the days sales outstanding ratio$),$ the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio.

Consider the following case:

Adams Furniture has a quick ratio of $2\mathrm{.}00x,$$$37,575$ in cash, $$20,875$ in accounts receivable, some inventory, total current assets of $$83,500,$ and total current liabilities of $$29,225.$ The company reported annual sales of $$100,000$ in the most recent annual report.

Over the past year, how often did Adams Furniture sell and replace its inventory?