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Cambridge IGCSE Accounting practice

Paper 2 structured question: Accounting policies

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Accounting policies

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Paper 2Structured Written Paper2 marks

A company has Current Assets of $150,000, Current Liabilities of $100,000, and Inventory of $30,000.

Description

Liquidity Ratios

Calculate the Current Ratio and the Liquid Ratio for the company.

  1. a

    Calculate the Current Ratio.

    Aim for approximately 1 distinct marking point.

    [1]
  2. b

    Calculate the Liquid Ratio.

    Aim for approximately 1 distinct marking point.

    [1]

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Paper 2 structured question: Accounting policies

Paper 2Structured Written Paper2 marks

Description

Gross Margin Calculation

Calculate the Gross Margin for the company.

  1. a

    Calculate the Gross Margin percentage.

    Aim for approximately 2 distinct marking points.

    [2]