(i) Calculate Revenue from operations of BN Ltd.’ from the following information:
Current Assets ₹8,00,000
Quick ratio 1.5 : 1
Current ratio 2 : 1
Inventory turnover ratio 6 times
Goods were sold at a profit of 25% on cost.
(ii) The operating ratio of a company is 60%. State whether purchase of goods costing ₹20,000 will increase, decrease or not change the operating ratio.
Marks-4, CBSE:2022-23/Zone-2/Set-1/Q-33*
Answer :