Which of the following statements is true? L. The formula for total asset tuingvei is- Total astat turnover it Totar assets - Total stockholdors equaty 12. A company whosie inventory turnover roteo is inuch tiower than the average for its industry may have too much irtventory or the wrorg tarts of invertory Muliple choice Corly itatericiti is true Only slaiemera fis a ve foth atalements are irue Ne mieer itafentem is tive