(b) The following information relates to the business of Chilyata Halubono for the year ended 30 November 2019 N Sales 1 300 000 00 Sales returns 50 000 00 Stock at 1 December 2018 57 000 00 Gross profit is at the rate of 40% on Turnover. Net profit is at the rate of 15% on Turnover. Rate of Stock-Turnover is 12. Using the information provided above, calculate the: (1) Year's turnover. [2] (ii) Gross Profit. [2] (iii) Cost of Goods sold. [2] (iv) Net Profit [2] (v) Cost of the Closing Stock at 30 November 2019. [6] [14 marks] e APERS.COM