Calculate following ratios with the given information:
A. Stock Turnover B. Debtors Turnover C. Acid Turnover D. Working Capital Turnover
E. Current Assets Turnover F. Average Collection Period.
Annual Sales 2,40,000
Gross Profit on Sales 15%
Average Stock 34,000
Current liability 24,000
Current ratio 3:1
Closing Stock 24,000
Closing Debtors 32,000
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