.10 Calculate net operating profit ratio from the following Net profit 3,85,000/- Non-operating expenses = 35,000/- * Non-operating Income = 20,000/- * Revenue from operations (sales) = 20,00,000/-
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Answer:
Credit Sales = 3,00,000
Cash sales = 25% of Credit Sales
Total Sales = Cash Sales + Credit Sales
= 3,00,000 + 75,000 = 3,75,000
Gross Profit = 20% on Sales
Cost of Goods Sold = Total Sales − Gross Profit
= 3,75,000 − 75,000 = 3,00,000
Case 2
Let Total Sales = x
Total Sales = Cash Sales + Credit Sales
Gross Profit = Sales − Cost of Goods Sold
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