Accounting 9706 · AS & A Level · Analysis and communication of accounting information

Analysis and communication of accounting information — practice question

The information below has been supplied by a business. Cost of sales $240000$. Gross margin $25\%$. Profit for the year $16000$. What was the expenses to revenue ratio, correct to the nearest whole percent?

  • A$15\%$
  • B$18\%$
  • C$20\%$
  • D$27\%$

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