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hich of the following statements is true? 1. The formula for total asset turnover is: Total asset turnover = Total assets + Total stockholders' equity.

hich of the following statements is true? 1. The formula for total asset turnover is: Total asset turnover = Total assets + Total stockholders' equity. II. A company whose inventory turnover ratio is much slower than the average for its industry may have too much inventory or the wrong sorts of inventory. Multiple Choice Only statement I is true. Only statement II is true. Both statements are true. Neither statement is true

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