Answer fast Q 22 From the following information, calculate: (i) Revenue from Operations (Sale); and (ii) Cost of - Accountancy - Accounting Ratios

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Q 22 From the following information, calculate:
(i) Revenue from Operations (Sale); and
(ii) Cost of Revenue from Operations (Goods sold):
Trade Receivables turnover ratio: 4 times
Average Trade Receivables: Rs 1,80,000
Gross Profit Ratio: 33 1 3   %

Neha Arora · Accepted Answer

Dear Student,

Trade Receivabes Turnover Ratio=Credit Revenue from OperationsAverage Trade Receivables4=Credit Revenue from Operations1,80,000Credit Revenue from Operations=Rs 7,20,000Gross Profit Ratio=Gross ProfitNet Sales×1001003=Gross Profit7,20,000×100Gross Profit=Rs 2,40,000Cost of Goods Sold=Net Sales-Gross ProfitCost of Goods Sold=7,20,000-2,40,000=Rs 4,80,000

Assumption: There are no cash sales (as they cannot be worked out
from the given information)

Answer fast Q.22. From the following information, calculate: (i) Revenue from Operations (Sale); and (ii) Cost of Revenue from Operations (Goods sold): Trade Receivables turnover ratio: 4 times. Average Trade Receivables: Rs. 1,80,000 Gross Profit Ratio: 33 1 3 %

Answer fast

Q.22. From the following information, calculate:
(i) Revenue from Operations (Sale); and
(ii) Cost of Revenue from Operations (Goods sold):
Trade Receivables turnover ratio: 4 times.
Average Trade Receivables: Rs. 1,80,000
Gross Profit Ratio: $33 \frac{1}{3} %$