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
how to account for manufacturing profit and the elimination of unrealised profit from unsold inventory
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 prepare the following budgets: sales, production, purchases, labour, trade receivables, trade payables, cash, budgeted statement of profit or loss, budgeted statement of financial position