Cambridge IGCSE Business Studies practice

Paper 1 structured question: Statement of financial position

Try the question first, then check the answer and practise the same topic again.

At a glance

Paper

Marks

Topic

Statement of financial position

Exam-style question

Try this first

Paper 1Short Answer and Data Response1 marks

A company has total assets of $500,000, total liabilities of $300,000, and total equity of $200,000.

Description

Analyze the financial position of the company based on the provided figures.

a
State the total assets of the company.
Your answer
Aim for approximately 1 distinct marking point.
[1]

0 of 1 part answered

Answer every part before opening the mark scheme.

Common mistake

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Flashcard 1 of 6

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Paper 1Short Answer and Data Response2 marks

Description

Evaluate the liquidity position of the business.

a
Explain the significance of the current ratio for this business.
Your answer
Aim for approximately 2 distinct marking points.
[2]