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Following information relates to Temer Ltd.: Debtors Velocity 3 months Creditors Velocity 2 months Stock Turnover Ratio 1.5 Gross Profit Ratio 25% Bills Receivables 25,000
Following information relates to Temer Ltd.: Debtors Velocity 3 months Creditors Velocity 2 months Stock Turnover Ratio 1.5 Gross Profit Ratio 25% Bills Receivables 25,000 Bills Payables * 10,000 Gross Profit * 4,00,000 Fixed Assets turnover Ratio 4 Closing stock of the period is * 10,000 above the opening stock. DETERMINE: (0) Sales and cost of goods sold (ii) Sundry Debtors (iii) Sundry Creditors (iv) Closing Stock Fixed Assets
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