The following is the summarised transactions and profit and loss account for the year ending March 31, 2007 and the Balance Sheet as on that date. ParticularsAmt.ParticularsAmtOpening Stock5,000Sales50,000Purchases25,000Closing Stock7,500Direct Expenses2,500Gross Profit25,000–––––––– ––––––57,500––––––––57,500––––––––Administrative Expenses7,500Gross Profit25,000Interest1,500Selling Expensses6,000Net Profit10,000–––––––– ––––––25,000––––––––25,000–––––––– Balance Sheet Capital and LiabilitiesAmt.AssetsAmtShare Capital 50,000Land and Building25,000Current Liabilities20,000Plant and Machinery15,000Profit and Loss10,000Stock7,500Sundry Debtors7,500Bills Receivables6,250Cash in hand and at bank8,750Furniture10,000 –––––– ––––––80,000––––––––80,000–––––––– Calculate: (i) Gross Profit Ratio (ii) Current Ratio (iii) Acid Test Ratio (iv) Stock Turnover Ratio (v) Fixed Assets Turnover Ratio