What is operating ratio and gross profit and margin ratio

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Determine the operating ratio and gross profit margin ratio for leannes boutique. Last month, the boutique made $176,000 in sales on goods which cost $94,000. The boutique incurred $9800 in operating expenses, and made $34,300 in purchases, resulting in a final inventory costing $54,900.

What is the operating ratio and gross profit and margin ratio?

Reference no: EM13953942

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What is operating ratio and gross profit and margin ratio : Determine the operating ratio and gross profit margin ratio for leannes boutique. Last month, the boutique made $176,000 in sales on goods which cost $94,000. The boutique incurred $9800 in operating expenses, and made $34,300 in purchases, resulting..

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