A-LevelAccountingAnalysis and Interpretation of Financial StatementsMay/June 2024Paper 1 Q211 Mark
Which ratios will identify the highest profit for the year for a business?
Aexpenses to revenue ratio of 18% and non-current asset turnover of four times per annum
Bexpenses to revenue ratio of 18% and non-current asset turnover of six times per annum
Cexpenses to revenue ratio of 20% and non-current asset turnover of four times per annum
Dexpenses to revenue ratio of 20% and non-current asset turnover of six times per annum
✓ Correct Answer
The correct answer is B. 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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