Multiple Choice Questions
26.6 The long-term bank loan has a fixed annual interest rate of 8% per year. APX Co pays taxation at an annual rate of 30% per year. 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 ... ................
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