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Using this information, complete the following statements to include in your analysis. Our Play has days of sales tied up in receivables, which is much

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Using this information, complete the following statements to include in your analysis. Our Play has days of sales tied up in receivables, which is much than the industry average. It takes Our Play times to collect cash from its customers than it takes Like Games. Like Games's fixed assets turnover ratio is than that of Our Play. This is because Like Games was formed eight years ago, so the acquisition cost of its fixed assets is recorded at historic values when the company bought its assets and has been depreciated since then. Assuming that fixed assets prices (not book values) rose over the past six years due to inflation, Our Play paid a amount for its fixed assets. The average total assets turnover in the electronic toys industry is 1.09x, which means that $1.09 of sales is being generated with every dollar of investment in assets. A total assets turnover ratio indicated greater efficiency. Both companies' total assets turnover ratios are than the industry average. Using this information, complete the following statements to include in your analysis. Our Play has days of sales tied up in receivables, which is much than the industry average. It takes Our Play times to collect cash from its customers than it takes Like Games. Like Games's fixed assets turnover ratio is than that of Our Play. This is because Like Games was formed eight years ago, so the acquisition cost of its fixed assets is recorded at historic values when the company bought its assets and has been depreciated since then. Assuming that fixed assets prices (not book values) rose over the past six years due to inflation, Our Play paid a amount for its fixed assets. The average total assets turnover in the electronic toys industry is 1.09x, which means that $1.09 of sales is being generated with every dollar of investment in assets. A total assets turnover ratio indicated greater efficiency. Both companies' total assets turnover ratios are than the industry average

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