walker Telecommunications has a quick ratio of 2.00x, $34,200 in cash, $19,000 in accounts receivable, som $76,000, and total current liabilities of $26,600. The company reported annual sales of $700,000 in the most over the past year, how often did walker Telecommunications sell and replace its inventory? X 8.01 x 33.77 x 30.70 x 2.86 x Explanation The inventory tumover ratio across companies in the telecommunications industry is 33.77X. Based on this infor statements is true for Walker Telecommunications? Walker Telecommunications is holding less inventory per dollar of sales compared with the industry averag vwalker Telecommunications is holding more inventory per dollar of sales compared with the industry avere Explanation You are analyzing two companies that manufacture electronic toys--Like Games Inc. and Our Play Inc. Like Games ago, whereas Our play is a relatively new company that has been in operation for only the past two years. Howeve equal market share with sales of $700,000 each. You've collected company data to compare Like Games and our sales for all industry competitors was $1,785,000. As an analyst, you want to make comments on the expected per companies in the coming year. You've collected data from the companies' financial statements. This information is Industry AV Accounts receivable Net fixed assets Total assets Data collected (in dollars) Like Games Our Play 18,900 27,300 385,000 560,000 665,000 875,000 1,5 1,64 Using this information, complete the following statements to indude in your analysis 1. A high x days of sales outstanding represents an efficient credit and collection policy, Between the two companies collecting cash from its customers faster than Our Play but both companies are collecting their receivables les average 2. Our Play's fixed assets tumover ratio is lower than that of Like Games. This could be because our play is a relac the acquisition cost of its fixed assets is higher than the recorded cost of Like Games's net fixed assets. 3. Li Games's total assets turnover ratio is 1.05 XV, which is greater than the industry's average total assets general, a higher total assets tumover ratio indicates greater efficiency Explanation