Emily Ltd Had the Following Ratios at 31 December 2022

Multiple Choice

Emily Ltd had the following ratios at 31 December 2022 and 31 December 2023:
Which ONE of the following statements is TRUE?

A) The gross profit margin made by E Ltd has increased from 2022 to 2023.
B) 2023 than in 2022.
C) E Ltd is collecting in its debts from customers more quickly in 2023 than in 2022.
D) The average length of time between goods being purchased and E Ltd paying for those goods, is 75 days in 2022.