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Which Is Bigger? (ACCA FA)

Exercise and reference answers

Questions
  1. A
    Gross profit £40,000
    B
    Net profit £25,000
    Higher value
    Gross profit £40,000
  2. A
    Revenue £100,000
    B
    Cost of sales £60,000
    Higher value
    Revenue £100,000
  3. A
    Current assets £30,000
    B
    Current liabilities £18,000
    Higher value
    Current assets £30,000
  4. A
    Gross margin 40%
    B
    Net margin 18%
    Higher value
    Gross margin 40%
  5. A
    Opening inventory £5,000
    B
    Closing inventory £7,000
    Higher value
    Closing inventory £7,000
Instructions
Tap the value that is greater.
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