The operating ratio of the local ice cream shop is 38 percent
The cost of goods sold is $2,500
The net sales is $18,200
The operating expenses is $4,350
The operating ratio can be calculated as follows
= cost of goods sold+ operating expenses/total revenue
= 2500+4,350/18,200
= 6,850/18,200
= 0.376×100
= 37.6
= 38%
Hence the operating ratio is 38%
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The answer using long division is 0.8(6).
Answer:
192in
Step-by-step explanation:
Liabilities are what someone owes and assets are what someone owns and is worth something. The house is an asset and the car loan is a liability. According to the numbers provided the assets have an increase of $6,000 with +10,000 from the house and -4,000 from the car. And liabilities had a decrease of $25,500 with a -$29,000 from mortgage and car loans and a +3,500 from the savings account and debt. So assets increase and liabilities decrease.
The x would just be if you went to the right 3 times.
