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Which statement is TRUE? a . Gross profit margin ( GPM ) will always be less than operating profit margin ( OPM ) . b
Which statement is TRUE?
a Gross profit margin GPM will always be less than operating profit margin OPM
b You should strive to maximize the fixed asset turnover ratio FAT
c The TIE ratio is a liquidity ratio.
d The Statement of Cash Flows removes GAAP accounting rules and converts the balance sheet to a "stock" financial statement, which is better than a "flow" statement.
IF EM is increasing over time, that means the firm is using less debt than they have in the past.
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