When sales,admini expenses,selling expenses and gp is given... how do v calculate the operating ratio
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When sales,admini expenses,selling expenses and gp is given... how do v calculate the operating ratio
operating ratio = operating expenses / net sales
Operating expenses are the day-to-day expenses such as selling expenses, general and administrative expenses, and R&D - as opposed to manufacturing/production costs.
But what do v do with the GP
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