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