A-LevelAccountingAnalysis and Interpretation of Financial StatementsMay/June 2024Paper 1 Q221 Mark
A business provided the following information at 31 March. inventories 225 000 trade receivables 785 000 cash and cash equivalents 15000 trade payables 365 000 other payables 85 000 What is the acid test ratio?
A1.78:1
B2.19:1
C2.28:1
D2.81:1
✓ Correct Answer
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...
📋 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep