Profit & Loss Account j18 Dr. Cr Particulars Rs. To Opening Stock To Purchases To Gross Profit Rs. Particulars 10,000 By Sales 55,000 By Closing Stock 50,000 1,00,000 15,000 1,15,000 1,15,000 By Gross Profit 50,000 To Administrative Expenses To Interest To Selling Expenses To Net Profit 15,000 3,000 12,000 20,000 50,000 50,000 Balance Sheet Rs. Assets Rs. Liabilities Share Capital (Rs. 10/- each) Profit & Loss Account Creditors Bills Payable 1,00,000 Land & Building Plant & Machinery 20,000 Stock 25,000 Debtors 15,000 Bills Receivable Cash & Bank Furniture 50,000 30,000 15,000 15,000 12,500 17,500 20,000 1,60,000 1,60,000 Average Debtors Credit Purchases Rs. 12,500/- Rs.40,000/- Rs.80,000/- Credit Sales Calculate - (0) Stock Turnover Ratio (iii) Creditors turnover ratio (ii) Debtors turnover ratio, (iv) Working Capital turnover ratio