Following are the ratios relating to the trading activities of an organization: Debtors velocity 3 months, Stock velocity 6 months, Creditors velocity 2 months, Gross Profit (on cost) Ratio 20% and Amount of Gross Profit Rs. 15,00,000 at the of the year. Stock at the end of the year was Rs. 40,000 more than what it was beginning of the year. Bills Payable and Receivable were Rs. 73,334 and Rs. 1,20,000 respectively. You are required to ascertain the figures of (a) Sales (b) Debtors (c) Sundry Creditors (d) Stock (e) Current Ratio.
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