Using the preceding information, complete the following statements.

1. A (high/low) days sales outstanding, or average collection period, represents an efficient credit and collection policy. Between the two companies, (BrainGames, Inc./IntelliGames, Inc) is collecting cash from its customers faster than (IntelliGames/BrainGames); but both companies are collecting their receivables less quickly than the industry average.

2. BrainGames Inc.s fixed-asset turnover ratio is (lower/higher) than that of IntelliGames Inc. This could be because BrainGames is a relatively new company, such that the acquisition costs and book values of its fixed assets is (greater/lower) than the acquisition costs and book values of IntelliGamess net fixed assets.

3. IntelliGames total asset turnover ratio is (.80/1.05x), which is (higher/lower) than the industrys average total asset turnover ratio. In general, a higher total asset turnover ratio indicates greater efficiency.

9. Asset management ratios Company stakeholders use asset management ratios to provide insights into: The effectiveness of management to generate before-tax and after-tax profits using the firm's assets The effectiveness of management in providing ready funds to pay the firm's short-term financial obligations as they become due The effectiveness of management in generating spendable sales dollars using the firm's current and fixed assets The firm's use of financial capital, both borrowed and equity, to acquire assets, as well as the firm's ability to pay the interest and dividends associated with these funds Johnny Appleseed Brewing Company (JABC) has a quick ratio of 2.00; $24,750 in cash; $13,750 in accounts receivable; some inventory; total current assets of $55,000; and total current liabilities of $19,250. In its most recent annual report, JABC reported annual sales of $300,000 and a cost of goods sold equal to 65% of annual sales. How many times is Johnny Appleseed Brewing Company (IABC) selling and replacing its inventory? 0.35x O 18.18x O 13.002 11.82x The inventory turnover ratio across companies in JABC's industry is 10.05. Based on this information, which of the following statements is true for Johnny Appleseed Brewing Company (JABC)? JABC is holding less inventory per dollar of COGS compared to the industry average. Johnny Appleseed Brewing Company (JABC) is holding more inventory per dollar of COGS compared to the industry average