logo

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.

Attempt questionStatement of financial position revisionRevise the key idea

At a glance

1

Paper

2

Marks

Topic

Statement of financial position

Exam-style question

Try this first

Paper 1Short Answer and Data Response2 marks

A business has $150,000 in current assets and $100,000 in current liabilities.

Description

Current Assets and Liabilities

Evaluate the liquidity position of the business.

  1. a

    Explain the significance of the current ratio for this business.

    Aim for approximately 2 distinct marking points.

    [2]

0 of 1 part answered

Answer every part before opening the mark scheme.

Common mistake

No common mistake is linked to this question yet.

Related flashcards

Flashcard 1 of 6

Press Space to flip, arrows to move

Related practice questions

Question 1 of 5

Choose an answer, get feedback, then move sideways through the set.

0 of 4 attempted

Paper 1 structured question: Statement of financial position

Paper 1Short Answer and Data Response1 marks

Description

Company Financial Position

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

  1. a

    State the total assets of the company.

    Aim for approximately 1 distinct marking point.

    [1]