On the basis of given information, calculate Operating Profit Ratio. Cost of goods sold = ₹ 4,80,000 Gross Profit is 20% on sales Operating Expenses = ₹ 30,000

CS Executive · Corporate and Management Accounting · PYQS · December 2024
On the basis of given information, calculate Operating Profit Ratio. Cost of goods sold = ₹ 4,80,000 Gross Profit is 20% on sales Operating Expenses = ₹ 30,000
(A) 11.45%
(B) 15%
(C) 8.93%
(D) None of the above

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Statement Analysis

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