Other questions in this quiz

2. What is formula for profit in relation to revenue?

  • Gross profit/salesx100
  • Profit for the year before tax/sales x100
  • Operating profit/sales x100
  • Operating profit/sales

3. What is the formula for rate of inventory turnover?

  • Cost of sales x average inventory
  • Average inventory/cost of sales
  • Cost of sales/average inventory
  • Cost of sales/average inventory x100

4. What is the formula for gearing?

  • Non-Current assets/ capital employed x100
  • Current liabilities/ capital employed
  • Non-Current liabilities/ capital employed x100
  • Current liabilities/ capital employed x100

5. What is the formula for trade payable days?

  • Trade payables/credit purchases x365
  • Trade payables/ credit sales x365
  • Trade payables/credit purchases x100
  • Credit purchases/Trade payables x365

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