Cambridge IGCSE Accounting practice
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At a glance
MCQ
Type
cambridge_mcq
Style
Topic
Interpretation of accounting ratios
Exam-style question
What does a high gross margin indicate?.
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Flashcard 1 of 6
Question 1 of 5
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Data Table
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 |
Analyse Calculate the gross margin and profit margin for both years and discuss the changes observed.
Aim for approximately 3 distinct marking points.