From the following information, find out (i) Sales (ii) Closing stock (iii) Sundry debtors, and (iv) Sundry creditors gross profit ratio 25%Debtors turnover ratio 4 monthsStock turnover ratio 4 timesCreditors turnover ratio 6 monthsClosing stock is 10,000/- more than the opening stock. Bill receivables amount to65,000/- and bills payable to 80,000/-. Cash of goods sold for the year is 9,00,000.

From the following information, find out (i) Sales (ii) Closing stock

1.	From the following information, find out (i) Sales (ii) Closing stock (iii) Sundry debtors, and (iv) Sundry creditors gross profit ratio 25%Debtors turnover ratio 4 monthsStock turnover ratio 4 timesCreditors turnover ratio 6 monthsClosing stock is 10,000/- more than the opening stock. Bill receivables amount to65,000/- and bills payable to 80,000/-. Cash of goods sold for the year is 9,00,000.
Answer» SUNDRY CREDITORS GROSS PROFIT RATIO 25%Debtors turnover ratio 4 monthsStock turnover ratio 4 timesExplanation:Sundry creditors gross profit ratio 25%Debtors turnover ratio 4 monthsStock turnover ratio 4 times

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