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ScotlandAccountingQuick questions
Analysing Accounting Information
Quick questions on Accounting ratios - SQA Higher Accounting
3short 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
Sales £250,000, gross profit £100,000. Calculate the gross profit percentage. [2 marks]
What is q2?Show answer
Current assets £80,000 (inventory £35,000), current liabilities £40,000. Calculate the acid test ratio. [2 marks]
What is q3?Show answer
State what a rising trade receivable days figure suggests. [1 mark]
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