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A-LevelAccountingInterpretation of Financial Statements (Ratios)May/June 2018Paper 1 Q191 Mark

The following information is available for the year ended 31 December 2017. $000 revenue 640 cost of sales 350 machinery at net book value 120 land and buildings at net book value 90 motor vehicles at net book value 20 current assets 50 equity 210 What was the non-current assets turnover?

A1.26 times
B2.29 times
C2.78 times
D3.05 times

✓ Correct Answer

The correct answer is C. This question tests the candidate's understanding of 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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About This A-Level Accounting Question

This multiple-choice question appeared in the Cambridge A-Level Accounting (9706) May/June 2018 examination, Paper 1 Variant 2. It tests the topic of Interpretation of Financial Statements (Ratios) and is worth 1 mark.

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