Which of the following statement is CORRECT? Total asset turnover and Inventory turnover provide fast and easy-to-use estimates of a firm's liquidity position. If a firm sold some inventory for cash and left the funds in its bank account, its current ratio would probably not change much, but its quick ratio would increase. Current Ratio is always less than or equal to Quick Ratio. You observe that a firm's ROE is above the industry average, but both its profit margin and equity multiplier are below the industry average. So, you can conclude that its total assets turnover must be below the industry average. The inventory turnover ratio and days sales outstanding (DSO) are two ratios that are used to assess how effectively a firm is managing its fixed assets