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Emergency Toilet Paper Company has a gross profit of $75,000 on sales of $125,000. The balance sheet shows average total assets of $150,000 with an

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Emergency Toilet Paper Company has a gross profit of $75,000 on sales of $125,000. The balance sheet shows average total assets of $150,000 with an average inventory balance of $17.500. ETPC's total asset turnover and inventory turnover are closest to: Total asset turnover 8.57 times; Inventory turnover = 1.66 times Total asset turnover - 1.20 times, Inventory turnover 7.14 times Total asset turnover = 0.83 times: Inventory turnover - 2.86 times

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