Question 21
Question 21 of 30
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No letter options?
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
Topics Tested
1. Financial accounting (...
1.3. Accounting for non-current ass...

how to measure the value of non-current assets by the cost model or the revaluation model

1. Financial accounting (...
1.6. Analysis and communication of...

how to calculate key accounting ratios to measure profitability, liquidity and efficiency: profitability ratios: gross profit margin, mark-up, profit margin, return on capital employed, expenses to revenue ratio (operating expenses to revenue ratio), liquidity ratios: current ratio, acid test ratio, efficiency ratios: non-current asset turnover, trade receivables turnover (days), trade payables turnover (days), inventory turnover (days), rate of inventory turnover (times)