Home For AAT student members AQ 2016 Professional Diploma in Accounting Management Accounting: Decisions and Control

Practise Assessment 1 Task 7.7

Can anyone help me figure out how to work out these figures please? I have no clue where to begin... :(


  • PeterCPeterC Registered, Tutor Posts: 163
    This question tests your knowledge of financial ratios, so you could begin by writing down the formulae for:
    Receivable collection days
    Gross profit margin
    Net profit margin

    Then fill in the numbers provided and calculate the missing ones.

    It also checks that you know that
    Cost of sales = Sales - gross profit

    See all this on the attachment
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