A-LevelAccountingAnalysis and Interpretation of Financial StatementsFeb/Mar 2017Paper 1 Q181 Mark
A company provided the following information. Revenue for the year $390000; year-end non-current assets at cost $260000; year-end accumulated depreciation $65000. What was the non-current asset turnover?
A0.5 times
B0.67 times
C1.5 times
D2 times
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of analysis and interpretation of financial statements within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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