# M&s Ratio Quiz

14 Questions

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• 1.
Marks and Spencer is a large UK retailer. What does it sell?
• A.

Cars

• B.

Food, furniture and clothes

• C.

Houses

• D.

Televisions, computers and other electronic goods

• 2.
Gross profit is the profit a company makes from selling its products. How does Marks and Spencer make its gross profits?
• A.

From selling computers

• B.

From selling cars

• C.

From selling food, furniture and clothes

• 3.
If Marks and Spencer sell a chicken salad for £4.25. It costs the company £1 to make each salad. What is the gross profit from selling 5 salads?
• A.

£21.25

• B.

£16.25

• C.

£5.00

• 4.
If Marks and Spencer sell a chicken salad for £4.25. It costs the company £1 to make each salad. What is the cost of sales of selling 5 salads?
• A.

£21.25

• B.

£16.25

• C.

£5.00

• 5.
If Marks and Spencer sell a chicken salad for £4.25. It costs the company £1 to make each salad. What is the gross profit % from selling its chicken salads?
• A.

24%

• B.

100%

• C.

76%

• 6.
Net profit is gross profit minus expenses. Marks and Spencer's expenses include
• A.

Food, clothing and furniture

• B.

Wages and salaries, rent and repairs

• C.

Computers and electrical equipment

• 7.
The owners and investors of Marks and Spencer want to see net profit decrease
• A.

True

• B.

False

• 8.
If Marks and Spencer invest more money in their business and net profit falls this is a good result for the company
• A.

True

• B.

False

• 9.
If Marks and Spencer's sales increase by 1.99% but its cost of sales increase by 2.72%, its gross profit % will
• A.

Stay the same

• B.

Increase

• C.

Decrease

• 10.
Marks and Spencer would like to sell its stock as slowly as possible
• A.

True

• B.

False

• 11.
Marks and Spencer would like to sell its customers to pay as quickly as possible
• A.

True

• B.

False

• 12.
In the balance sheet you will see 'current assets' which of the following are examples of current assets
• A.

Stock - food, furniture and clothes

• B.

Creditors - money owed to suppliers of Marks and Spencer

• C.

Money M&S have in the bank

• D.

Bank overdraft

• E.

Debtors - customers who owe Marks and Spencer money

• 13.
In the balance sheet you will see 'current  liabilities' which of the following are examples of current liabilities?
• A.

Stock - food, furniture and clothes

• B.

Creditors - money owed to suppliers of Marks and Spencer

• C.

Money M&S have in the bank

• D.

Bank overdraft

• E.

Debtors - customers who owe Marks and Spencer money

• 14.
A business would like to have more current liabilities than current assets
• A.

True

• B.

False