Shri Devdas asks you to prepare his Balance Sheet from the particulars furnished hereunder: Inventories velocity 6;

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Shri Devdas asks you to prepare his Balance Sheet from the particulars furnished hereunder: Inventories velocity 6; Gross profit margin 20%; Capital turnover ratio 2; Fixed assets turnover ratio 4; Debt collection period 2 months; Creditors payment period 73 days; Gross Profit was ₹ 60,000; Excess of closing inventories over opening inventories was ₹ 5,000; Difference in Balance Sheet represents bank balance.

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