Which of the following computations are correctly stated? (Select all that apply.) Check All That Apply Asset turnover ratio = Sales Average total assets Average collection period = 365 days Receivable turnover ratio Inventory turnover ratio = Net sales Average inventory Receivable turnover ratio = Net sales Average accounts receivable (net) Which of the following computations are correctly stated? (Select all that apply.) Check All That Apply Return on assets = Average total assets + Net income Equity multiplier = Average total equity Average total assets Return on equity = (Net income + Average total assets) x Equity multiplier Return on equity = Profit margin x Asset turnover x Equity multiplier