A-LevelAccountingAnalysis and Interpretation of Financial Statements (Ratios)May/June 2016Paper 1 Q211 Mark
A business has prepared the following information for the year ended 30 April 2015. revenue $220000 opening inventory $25000 purchases $120000 closing inventory $(31000) cost of goods sold $114000 gross profit $106000 What was the inventory turnover?
A86 days
B90 days
C95 days
D100 days
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of analysis and interpretation of financial statements (ratios) 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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