You are analyzing two companies that manufacture electronic toys$$Like Games Inc. and Our Play Inc. Like Games was launched eight years ago, whereas Our Play is a relatively new company that has been in operation for only the past two years. However, both companies have an equal market share with sales of $$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: $($Note: Assume there are $365$ days in a year.$)$

Data Collected $($in dollars$)$

Like Games Our Play Industry Average

Accounts receivable $5,4007,8007,700$

Net fixed assets $110,000160,000433,500$

Total assets $190,000250,000469,200$

Using this information, complete the following statements to include in your analysis.

$1.$ Our Play has days of sales tied up in receivables, which is much than the industry average. It takes Our Play time to collect cash from its customers than it takes Like Games.

$2.$ 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