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Question Practice

What impact would an increase in cost of goods sold have on the Gross Profit Ratio?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Accounting Ratios
Question Bank

What impact would an increase ...

Single Answer MCQ
Q-00082847

What impact would an increase in cost of goods sold have on the Gross Profit Ratio?

1

Increase the Gross Profit Ratio

2

Decrease the Gross Profit Ratio

3

No impact on the Gross Profit Ratio

4

Double the Gross Profit Ratio

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Q1.

What is an accounting ratio?

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Q2.

Which of the following can an accounting ratio NOT represent?

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Q3.

The gross profit ratio shows the relationship between which two figures?

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Q4.

Which of the following ratios is used to measure liquidity?

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