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Financial Accounting
Quick questions on Interpretation of accounts: ratio analysis - SQA Advanced Higher Accounting
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Gross profit is GBP 150,000 on revenue of GBP 500,000. Calculate the gross profit margin. [2 marks]
What is q2?Show answer
Current assets are GBP 80,000, inventory is GBP 35,000 and current liabilities are GBP 50,000. Calculate the acid-test ratio. [2 marks]
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