Multiple Choice Questions
The following accounting ratios have been forecast for the next year: Gross profit margin: 30%. Operating profit margin. 20%. Dividend payout ratio. 50%. Inventory turnover period: 110 days. Trade receivables period: 65 days. Trade payables period: 75 days. Overdraft interest in the next year is forecast to be $140,000. No change is expected in ... ................
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