Statement 1:SM Market has an inventory turnover of 120 times. Robinson Market has a turnover of 128 times. Robinson is more effective in managing inventory. Statement 2:Dividing the market price of a share of stock by the earnings per share gives the price-earnings ratio.

A. Both statements are true

B. Both statements are false

C. Only statement 1 is true

D. Only statement 2 is true

Please provide comprehensive explanation for your answer.