Data Collected (in dollars) Like Games Our Play Industry Average Accounts receivable 5,400 7,800 7,700 Net fixed assets 110,000 160,000 433,500 Total assets 190,000 250,000 469,200 Using this information, complete the following statements to include in your analysis. 1. Alow days of sales outstanding represents an efficient credit and collection policy. Between the two companies,Like Games is collecting cash from its customers faster thanOur Play , but both companies are collecting their receivables less quickly than the industry average. 2. Our Play's fixed assets turnover ratio islower than that of Like Games. This could be because Our Play is a relatively new company, so the acquisition cost of its fixed assets ishigher than the recorded cost of Like Games's net fixed assets. 3. Like Games's total assets turnover ratio is0.80x , which islower than the industry's average total assets turnover ratio. In general, a higher total assets turnover ratio indicates greater efficiency