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12th | Accounting Ratios | Question No. 126 To 130 | Ts Grewal Solution 2022-2023

Question 126:


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%

Question 127:


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 128:


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 129:


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 130:


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% 

 

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