Question: 7. Which statement is FALSE? a. Gross profit margin (GPM) will always be greater than operating profit margin (OPM). b. A change in inventory would

 7. Which statement is FALSE? a. Gross profit margin (GPM) will

7. Which statement is FALSE? a. Gross profit margin (GPM) will always be greater than operating profit margin (OPM). b. A change in inventory would show up on the Statement of Cash Flows in the "Cash Flow from Operations" section. c. Accrued wages were $2000 on 12/2017 and $2100 on 12/2018. The change would be a USE of funds on the Statement of Cash Flows. d. You should strive to maximize the fixed asset turnover ratio (FAT)

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