you are analyzing two companies that manufacture electronic

50AA.. ago, whereas Our Play is a relatively new company that has been in operation for only the past two years. However, both comparies have an equal market share with sales of $500,000 each. You've collected company data to compare Like Games and Our Play. Last year, the average sales for all industry competitors was $1,275,000. As an analyst, you want to make comments on the expected companies in the coming year. You've collected data from the companies' financial statements. This information is listed as follows: of these two Data Collected (in dollars) Like Games 13,500 275,000 Our Play 19,500 400,000 625,000 Industry Average 19,250 1,083,750 1,173,000 Net fixed assets Total assets Using this information, complete the following statements to include in your analysis. 1. Our Play has time to collect 2. Like Games's foced assets turnover ratio is acquisition cost of its fxed assets is recorded when the Assuming that fixed assets prices (not book values) rose over the past six years due to infation, Our Play paid a days of sales tied up in receivables, which is much from its customers than it takes Like Games than the industry average. It takes Our Play than that of Our Play. This is because Like Games was formed eight years ago, so the at historic values when the company bought its assets and has been depreciated since then amount for its fixed 3. The average total assets turnover in the dolar of investment in assets. A total assets turnover ratio indicates greater efficiency. Both companies' total assets turnover ratios toys industry is 1.09x, which means that $1.09 of sales is being generated with every than the Industry average