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RATIOS HOW ACCURATE??

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › RATIOS HOW ACCURATE??

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  • March 1, 2021 at 7:33 pm #612448
    deftoneseire07
    Participant
    • Topics: 14
    • Replies: 42
    • ☆☆

    I have always wondered how accuarate you have to get the ratios when doing them. Because I have a bad habit of being 0.1% off example.

    OPERATING PROFIT = PBIT 235/REVENUE 2700 = 8.7%(Which is real answer)
    would I still get marks for say 8.703% or 8.8%??

    March 2, 2021 at 8:54 pm #612835
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7141
    • ☆☆☆☆☆

    Hi,

    You shouldn’t really be too far off the correct number with the ratios as you are given the figures to use. You should then follow the usual rules for rounding.

    Thanks

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