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Following is the statement of Profit and loss of Mahesh Ltd. For the year Inded 31st March 2014, Calculate operating ratio : Statement of profit and loss for the year ended 31 March 2014 S.NO. Particulars Note No. $ 1. Revenue from operations (Net sales) 7,00,000 Other Incomes 1,00,000 Total Revenue (1+1) 8,00,000 Expenses: iv. 2,00,000 Purchase of stock in trade Changes in Inventories of stock in trade 10,000 Employees Benefit expenses 1,00,000 Other Expenses 32,000 Total Expenses 3,32,000 Profit (III-lv) 4,58,000 V. Note to Accounts :- 1 Particulars Other Expenses Administrative Expenses Selling and distribution expenses Loss on sale of fixed assets $ 10,000 10,000 12,000 32,000