Question

Ratio Analysis
3.
The following are the ratios relating to the activities of National Traders Limited :
:
:
Stock Velocity
6 months
Creditors Velocity
2 months
Debtors Velocity
3 months
Gross Profit Ratio
25%
Gross Profit for the year ended 31st March 2011 amounts to 4,00,000. Closing stock
c
the year is 10,000 above the opening stock. Bills receivable amount to *25,000 and bill
payable to 10,000
Find out:
(i) Sales
(ii) Purchases
(iii) Sundry Creditors
(iv) Sundry Debtors
(v) Closing Stock.
[Ans. (i) 16,00,000; (ii) 12,10,000 ; (iii) 1,91,667; (iv) 3,75,000; (v) 6,05,000​

Answer 1

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Answer 2

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