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CWZ is a company operating in the retail sector in C-land. The government in C-land has just introduced a new minimum wage which is above
CWZ is a company operating in the retail sector in C-land. The government in C-land has just introduced a new minimum wage which is above the hourly wage that CWZ currently pays its employees. CWZ has sufficient cash reserves to cover the required wage increase. Which of CWZ's ratios is the most likely to be adversely impacted by the new minimum wage introduced by the government of C-land? Solution A.Operating profit margin. B.Working capital cycle. C.Payables payment period. D.Non-current asset turnover
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