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Monroe Manufacturing hos a quick ratio of 2.00x, $28,125 in cash, $15,625 in accounts receivable, some inventory, total current assets of $62,500, and total current liabilities of $21,875. The company reported annual sales of $400,000 in the most recent annual report. Over the past year, how often did Monroe Manufacturing sell and replace its inventory? 2.86% 21.33x 23.46x 3.01% The inventory turnover ratio across companies in the manufacturing Industry is 23.453x. Based on this information, which of the following statements is true for Monroe Manufacturing? Monroe Manufacturing is holding less inventory per dollar of sales compared with the industry average Monroe Manufacturing is holding more inventory per dollar of sales compared with the industry average. 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 $400,000 each. You've collected company data to compare Like Games and our play. Last year, the average sales for all industry competitors was $1,020,000. 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 10,800 15,600 15,400 Net fixed assets 220,000 320,000 867,000 Total assets 380,000 500,000 938,400 using this information, complete the following statements to include in your analytis. 1. A days of sales outstanding represents an efficient credit and collection policy. Between the two companies, is collecting cash from its customers faster than but both companies are collecting their receivables less qu'ekly than the industry average 2. Our Play's fixed assets turnover ratio is than that of Like Games. This could be because Our Play is a relatively new company, so the acquisition cost of its fixed assets is than the recorded cost of Uke Games's net fixed assets. 3. Like Games's total assets turnover ratio is which is than the industry's average total assets turnover ratio. In general, higher total assets turnover ratio indicates greater efficiency

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