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spin [16.1K]
3 years ago
15

1. The local ice cream shop has had a great month in sales. Based on the Information below, calculate the operating ratio.

Mathematics
1 answer:
alekssr [168]3 years ago
6 0

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%  

Click on the link below to learn more

brainly.com/question/18460165?referrer=searchResults

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