Monroe Manufacturing has a quick ratio of 2.00x, $36,225 in cash, $20,125 in accounts receivable, some inventory, total current assets of $80,500, and total current liabilities of $28,175. The company reported annual sales of $300,000 in the most recent annual report. Over the past year, how often did Monroe Manufacturing sell and replace its inventory? O 13.66 x O 8.01 x O 12.42 O 2.86 x The inventory turnover ratio across companies in the manufacturing industry is 10.56x. Based on this information, which of the following statements is true for Monroe Manufacturing? O Monroe Manufacturing is holding less inventory per dollar of sales compared to the industry average. O Monroe Manufacturing is holding more inventory per dollar of sales compared to the industry average