Paper 2 structured question: Interpretation of accounting ratios
Paper 2Structured Written Paper3 marks
Data Table
Financial Data
The table below shows the sales, cost of goods sold, and expenses for the company.
| Year | Sales | Cost of Goods Sold | Expenses |
|---|---|---|---|
| 2022 | $200,000 | $120,000 | $50,000 |
| 2023 | $250,000 | $150,000 | $70,000 |
- a[3]
Analyse Calculate the gross margin and profit margin for both years and discuss the changes observed.