Search Header Logo

Introduction to Accounting Ratios

Authored by Dean Hoss

Social Studies, Business, Other

9th Grade - Professional Development

Used 133+ times

Introduction to Accounting Ratios
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The gross profit margin earned on an item which cost £500 and is sold for £625 is:

20%

25%

33 1/3%

None of the above.

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The mark-up on an item which cost £500 and is sold for £625 is:

20%

25%

33 1/3%

None of the above.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The gross profit margin earned by a shopkeeper who sells all goods at 25% above their cost is:

20%

30%

33 1/3 %

35%

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A firm's gross profit margin is 20%. Its mark-up on cost is:

16%

22%

25%

30%

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A firm's cost of sales for a particular accounting period was £16,000. During the period, it earned a gross profit margin of 20% on all goods sold. The firm's sales for the accounting period were:

£13,600

£20,160

£21,000

None of the above.

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

The following information relates to a retail business whose financial year ends on 31 December.

The firm's stock at 31 December, at cost, was:

£4,300

£16,300

£36,300

None of the above.

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

The following information relates to a sole trader whose financial year ends on 31 December.

The sole trader's stock at 31 December, at cost, was:

£20,000

£26,000

£40,000

£70,000

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?