A-LevelAccountingAnalysis and Interpretation of Financial StatementsMay/June 2019Paper 1 Q191 Mark
The following information is available for the year ended 31 December 2018. | | $ | |:---|:---| | revenue | 800 000 | | cost of sales | (175000) | | gross profit | 625000 | | distribution costs | (95000) | | administrative expenses | (35000) | | profit from operations | 495 000 | | finance costs | (5000) | | profit for the year | 490 000 | What was the operating expenses to revenue ratio?
A16.25%
B16.88%
C21.88%
D38.13%
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The correct answer is A. This question tests the candidate's understanding of analysis and interpretation of financial statements within the Accountingsyllabus. The examiner's mark scheme requires...
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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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