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ScotlandAccountingQuick questions
Financial Accounting
Quick questions on Accounting ratios: profitability, liquidity and efficiency - SQA National 5 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
Gross profit , sales . Find the gross profit percentage. [2 marks]
What is q2?Show answer
Current assets , current liabilities . Find the current ratio. [1 mark]
What is q3?Show answer
Cost of goods sold , average inventory . Find the rate of inventory turnover. [2 marks]
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