Part III: Problem.(8 Alpha Graphics Press (AGP) uses the residual dividend approach to determine the dividend payments. They have a target debt-to equity ratio oONext budget of 560 million and earnings of $50 million. How much will AGP pay year? Show your work in dividends next Bonus Question. (1.5) Outdoor Gear reduced its general and administrative costs this year. This cost improvement will increase which of the following ratios? I. Profit margin II. Return on assets III. Total asset tunover IV. Return on equity a. I and II only b. I and III only c. II, III, and IV only d. I, II, and only e. I, II, III, and IV Formulas: Inventory turnover- Cost of goods sold/Inventory Net profit margin=Net income / Sales Page 3 of 3