Prepare a Balance Sheet from the particulars furnished hereunder: Inventories velocity 6 Gross profit margin 20% Capital

Prepare a Balance Sheet from the particulars furnished hereunder:

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Inventories velocity 6 Gross profit margin 20% Capital tumover ratio 2 Gross profit 60,000 Difference in Balance Sheet represents bank balance Fixed assets turnover 4 Debt collection period 2 months Creditors payment period 73 days Excess of closing inventories over opening inventories was * 5,000 The entire sales and purchases are made on credit basis