Kem inc, has cost of goods sold equal to 70% of sales; where sales equal $150,000. The balance sheet shows average total assets of $75,000 with an average inventory balance of $15,000. Total asset turnover and inventory turnover are closest to? Total asset turnover =7008; Inventory turnover =300% Total asset tumover =200% inventory turnover =700% Total asset turnover =300%; Inventory turnover =200% Total asset tumover =200%; inventory turnover =300%