Older MCQs might not have the typical A, B, C,
D
choices. They
have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such
combinations to the answer.
A
1, 2 and 3 are correct
B
1 and 2 only are correct
C
2 and 3 only are correct
D
1 only is correct
the distinction between capital reserves (share premium and revaluation reserve) and revenue reserves (retained earnings and general reserve)
how to calculate the following ratios: working capital cycle (in days), net working assets to revenue (sales), interest cover, gearing ratio, earnings per share, price/earnings ratio, dividend per share, dividend yield, dividend cover
how to apply the following capital investment appraisal techniques: payback, accounting rate of return (ARR = (average profit / average investment) × 100), net present value (NPV), internal rate of return (IRR)