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Illustration 26: From the following particulars calculate (i) Gross Profit Ratio and (ii) Operating ratio. Opening inventory Closing inventory Purchases Wages Carriage inwards Administrative

Illustration 26: From the following particulars calculate (i) Gross Profit Ratio and (ii) Operating ratio. Opening inventory Closing inventory Purchases Wages Carriage inwards Administrative expenses ung Ratios Selling expenses Revenue from operations 3,00,000 4,20,000 14,00,000 3,70,000 1,50,000 84,000 36,000 24,00,000 229

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