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 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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