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12th | Accounting Ratio | Question No. 151 To 155 | Ts Grewal Solution 2023-2024

Question 151:

(i) Cost of Revenue from Operations (Cost of Goods Sold)  `2,20,000; Revenue from Operations (Net Sales)  `3,20,000; Selling Expenses  `12,000; Office Expenses  `8,000; Depreciation  `6,000. Calculate Operating Ratio.
(ii) Revenue from Operations, Cash Sales  `4,00,000; Credit Sales  `1,00,000; Gross Profit  `1,00,000; Office and Selling Expenses  `50,000. Calculate Operating Ratio.

Answer:

Operationg expenses =Selling expenses+ Office Expenses + Depreciation 

26,000=12,000+8000+6,000

Cost of Goods Sold = 2,20,000

Operating Cost = Cost of Goods Sold + Operating Expenses

Operating Cost = 2,20,000 + 26,000 = 2,46,000

Sales = 3,20,000

Operating Ratio= Operating Cost/ Net Sales ×100

                        =2,46,000/3,20,000×100=76.875%

Net Sales= Cost of Goods sold +Gross Profit

                        =4,00,000+1,00,000=5,00,000

Cost of Goods Sold= Net Sale- Gross Profit

                        =5,00,000-1,00,000=4,00,000

Operating Expenses = Office and Selling Expenses = 50,000

Operating Cost = Cost of Goods Sold+ Operating Cost

                        =4,00,000+50,000

                        = 4,50,000

Operating Ratio= Operating Cost/ Net Sales ×100

                        =4,50,000/5,00,000× 100=90%

 

Question 152:

Calculate Operating Profit Ratio from the following

Revenue from Operations (Net Sales) `5,00,000

Cost of Revenue from Operations (Cost of Goods Sold) `2,00,000

Wages `1,00,000

Office and Administrative Expenses `50,000

Interest on Borrowings `5,000

 

Answer:

 

Operating Profit= Sales – Cost of Goods Sold- Office and Administrative Expenses

Operating Profit=5,00,000-2,00,000-50,000

Operating Profit=2,50,000

Operating Profit Ratio=2,50,000×100/5,00,000 = 50%

Operating Profit Ratio = 50%

 

Question 153:

Calculate Operating Profit Ratio from the following information:
 

Opening Inventory

 `1,00,000

 

Closing Inventory

 `1,50,000

Purchases

 ` 10,00,000

 

Loss by fire

 ` 20,000

Revenue from Operations, i.e., Net Sales

 ` 14,70,000

 

Dividend Received

 ` 30,000

Administrative and Selling Expenses

 ` 1,70,000

 

 

 

Answer:

Cost of Goods Sold = Opening Inventory + Purchases – Closing Inventory
                               = 1,00,000 + 10,00,000 – 1,50,000 = 9,50,000
Operating Expenses = Administrative and Selling Expenses = 1,70,000
Operating Cost = Cost of Goods Sold + Operating Expenses
                         = 9,50,000 + 1,70,000 = 11,20,000
Net Sales = 14,70,000

Operating Ratio= Operating Cost/ Net Sales ×100

                           =11,20,000/14,70,000× 100=76.19%

Operating Profit Ratio = 100 – Operating Ratio = 100 – 76.19 = 23.81%

Question 154:

Revenue from Operations  ` 9,00,000; Gross Profit 25% on Cost; Operating Expenses  ` 45,000. Calculate Operating Profit Ratio.

Answer:

Gross Profit 

= 9,00,000×25/125

=  ` 1,80,000

 

Operating Profit

=Gross Profit-Operating Expenses                        

 

=1,80,000-45,000

= ` 1,35,000            

 

Operating Profit Ratio

=Operating Profit/Revenue from Operations×100   

 

=1,35,000/9,00,000×100

 

=15%          

Question 155:

Operating Cost  ` 3,40,000; Gross Profit Ratio 20%; Operating Expenses  ` 20,000. Calculate Operating Profit Ratio.

Answer:

Cost of Revenue from Operations

= Operating Cost-Operating Expenses

= 3,40,000-20,000

=  ` 3,20,000

 

Gross Profit 

 

= 3,20,000×20/80

=  ` 80,000

Revenue from Operations

= Cost of Revenue from Operations + Gross Profit

= 3,20,000+80,000

=  ` 4,00,000

 

Operating Profit

        

= Revenue from Operations-Operating Cost

= 4,00,000−3,40,000

=  ` 60,000

 

Operating Profit Ratio

 

= Operating Profit/Revenue from Operations×100                                 

= 60,000/4,00,000×100

= 15% 

 

Ts Grewal Solution 2023-2024

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Class 12 / Volume – I

Chapter 3 – Accounting Ratio

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