Question 146:
Cost of Revenue from Operations (Cost of Goods Sold) `3,00,000. Operating Expenses `1,20,000. Revenue from Operations: Cash Sales `5,20,000; Return `20,000. Calculate Operating Ratio.
Answer:
Net Sales= Cost of Goods sold +Gross Profit
=5,20,000-20,000=5,00,000
Operating Cost = Cost of Goods Sold+ Operating Expenses
=3,00,000+1,20,000=4,20,000
Operating Ratio= Operating Cost/ Net Sales ×100
=4,20,000/5,00,000× 100=84%
Question 147:
Operating Ratio 92%; Operating Expenses `94,000; Revenue from Operations `6,00,000; Sales Return `40,000. Calculate Cost of Revenue from Operations (Cost of Goods Sold).
Answer:
Revenue from Operations (Net Sales)= ` 6,00,000*
Operating Ratio = 92%
Operating Ratio=Operating Cost Net Sales×100/92
=Operating Cost 6,00,000×100
Operating Cost= 6,00,000×92/100
=5,52,000
Operating Cost = Cost of Goods Sold + Operating Expenses
5,52,000 = Cost of Goods Sold + 94,000
Cost of Goods Sold = ` 4,58,000
*Note: Sales Return will not be considered since net sales are given
which means sales return have already been adjusted in the sales figure.
Question 148:
From the following information, calculate Operating Ratio:
|
Cost of Revenue |
|
|
Revenue from Operation: |
|
|
from Operations (Cost of Goods Sold) |
`52,000 |
|
Gross Sales |
` 88,000 |
|
Operating Expenses |
`18,000 |
|
Sales Return |
` 8,000 |
Answer:
Net Sales = Gross Sales - Sales Return
= 88,000 - 8,000 = ` 80,000
Operating Cost = Cost of Goods Sold + Operating Expenses
= 52,000 + 18,000 = ` 70,000
Operating Ratio = Operating Cost/Net Sales × 100
= 70,000/80,000 × 100 = 87.5%
Question 149:
Calculate Cost of Revenue from Operations from the following information:
Revenue from Operations ` 12,00,000; Operating
Ratio 75%; Operating Expenses ` 1,00,000.
Answer:
Given: Revenue from Operations (Net Sales)= ` 12,00,000
Operating Ratio=75%
Operating Expenses= ` 1,00,000
Find out:
Cost of Revenue from Operations
Operating Ratio=Operating Cost/ Net Sales×100/75
=Operating Cost/12,00,000
Operating Cost= ` 9,00,000
Operating Cost=Cost of Revenue from Operations+Operating Expenses
9,00,000=Cost of Revenue from Operations+1,00,000
Cost of Revenue from Operations= ` 8,00,000
Question 150:
Calculate Operating Ratio from the following information:
Operating Cost ` 6,80,000; Gross
Profit 25%; Operating Expenses ` 80,000.
Answer:
Given:
Operating Cost= ` 6,80,000
Operating Expenses= ` 80,000
Gross Profit Ratio=25%
Find out: Operating Ratio Operating Cost = Cost of Revenue from Operation+Operating Expenses 6,80,000=Cost of Revenue from Operations+80,000
Cost of Revenue from Operations= ` 6,00,000
Gross Profit=14th of sales=13rd of cost
Gross Profit=13×6,00,000= ` 2,00,000
Gross Profit Ratio=Gross Profit Net Sales×100/25=2,00,000
Net Sales×100
Net Sales= ` 8,00,000
Operating Ratio=Operating Cost/Net Sales×100
=6,80,000/8,00,000×100
=85%
Ts Grewal Solution 2023-2024
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Class 12 / Volume – I
Chapter 3 – Accounting Ratio