Following are the information extracted from the Profit and Loss account of Moon light LLC Opening Stock 30,000 Purchases 180,000 Carriage Inward 40,000 Wages 130,000 Selling and distribution expenses 50,000 Sales 500,000 Sales Returns 60,000 50,000 Closing Stock Depreciation 10,000 From the above information answer the following questions 1. What is the Gross profit ratio? 2. What is the Stock turnover Ratio