Q$2.$ The following is the summarized transactions and Profit and Loss Account for the year ending Mareh $31,2007$ and the Balance Sheet as on that date.

$\backslash$table$[[$Expenscs$/$Losses$,$Amount $(),$Revenue$/$Gains$,$Amount $()],[$Opening Stock,$5,000,$Sales,$50,000],[$Purchases$,25,000,$Closing Stock,$7,500],[$Direct Expenses,$2,500,,],[$Gross Profit,$25,000,,57,500],[,57,500,,25,000],[$Administrative Expenses,$7,500,$Gross Profit,$],[$Interest$,1,500,,25,000],[$Sclling Expenscs,$6,000,,],[$Nut Profit,$10,000,,],[,25,000,,]]$

B$.$ ance sheet:

$\backslash$table$[[$Lialilities$,$Amount $(),$Assets,Amount $()],[$Sl ure Capital,$50,000,$Land and Building,$25,000],[$Cument Liabilities,$20,000,$Plant and Machinery,$15,000],[$Priti and Loss,$10,000,$Stock,$7,500],[,$Sundry Debtors,$7,500],[,$Bills Receivables,$6,250],[,$Cash in Hand and at Bank,$8,750],[,$Furniture,$10,000],[80,000,,80,000]]$

$($aros $($i$)$ Cross Profit Ratio $($ii$)$ Current Ratio $($iii$)$ Acid Test Ratio $($iv$)$ Stock Turnover Ratio $($ Hi$.$ied Assei; Turnover Ratio.

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