Q3) The following is the Profit and Loss for the year ending 31 March 2021 and Balance sheet as on that data of C Ltd. [20] Profit and Loss Account for the year ending 31" Marh 2022 Dr. Particulars Amount Particulars Amount To Opening Stock 10,000 By Sales 1,00,000 To Purchases 55,000 By Closing Stock 15,000 To Gross Profit c/d 50,000 Total 1,15,000 Total 1,15,000 To Office Expense 15,000 By Gross Profit b/d 50,000 To Interest 3,000 To Selling Expense 12,000 To Net Profit c/d 20,000 Total 50,000 Total 50,000 Balance Sheet as on 31* March 2022 Liabilities Amount Assets Amount Share Capital Shares at 10 1,00,000 Land and Building 50,000 each Profit and Loss 20,000 Plant and Machinery 30,000 Creditors Bills Payable 25,000 Stock 15,000 15,000 Debtors 15,000 Bills Receivable 12,500 Cash at Bank 17,500 Furniture 20,000 Total 1,60,000 Total 1,60,000 Other Information a) Average Debtors Rs. 12,500 b) Credit Purchases Rs. 40,000 c) Credit Sales Rs. 80,000 Calculate- i) Stock Turnover Ratio ii) Debtors Turnover Ratio iii) Creditors Turnover Ratio iv) Gross Profit Ratio v) Net Profit Ratio [5952]-602A