Data Collected $($in dollars$)$

Like Games Our Play Industry Average

Accounts receivable $2,7003,9003,850$

Net fixed assets $55,00080,000216,750$

Total assets $95,000125,000234,600$

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

$1.$ 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 quickly than the industry average.

$2.$ Our Play$$s fixed assets turnover ratio is than that of Like Games. This could be because Our Play is a relatively new company, so the acquisition cost of its fixed assets is than the recorded cost of Like Games$$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, a higher total assets turnover ratio indicates greater efficienc

Along with calculating the ratios, what else is needed for your report?

Making observations and identifying trends that are suggested by the ratio analysis

Identifying the factors that drive the trends in the ratios

Both of the above