Asout managemunt ratios ae used to msure how effectivaly a fim manag its aints, by ding the amount a fim hasd in a particular type of asset (or group of aset) to the vrag colloction perid(ao called the daya sales oslanding ratio), invory tunoir natio, the Consider the felloming case d the total asset Monroe Manufacluring has quick rtio of 2.00, $28,800 i cash, $16,000 in acntS $22,400 The comparry reprted anual sales of $100,000, and col of goods sold equal to 75% r salis in the mol 'utent anual report. Over lhe past ar, how eftir, did Maroe Manufaau' inq sill and replace its inventory? 5.21x 2.86x .30. Based on this normation, which of the followig stabemants true for Monroe Manufacturing? Moriree Manufacturaq is haldnq ksanwilury per dollar diales umpared to the nduilry avi Munroe Manufacturaq is haldnq m re muntory par dallar of sales compared to the rou are ar alyang two companies 1hmanufacture eletrric toys: Like Games Inc. and Our Play hs bien in opiration For only the past tmo years.Howiir, both compars have an ual markd hare with sales of $300,000 ach. Youve colld company dala to compare Like Gamas and u alements. This inormation i isted follows (Not: Assume thire ire 365 days ina year.) Accounits 2,700 3,900 3,850 Nt fixed asuts55,000 8,000 00 125,000 216,750 234,600 ing this information, complte the following satemars to include in your anaysis 1. A days of sales outstanding rapreseres anffian1 drede and coluaion polcy. btwin the two companies, but both companiesnecolocting thir rcvablis ess quickly th th induiry a colkcinq cash frorn its ailani's(alir than 2. Our May's fioeed assacts turnover tatio than that of Like Games.This could be because Our Play rdativey nw compatyso thi aquisition col of its fixad suts recorded cot of than the Like Games's nat fx 3. Like Gams'stotala iswach than the industry's