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17. The following are the ratios relating of the activities of National Traders Ltd. : Debtors Velocity 3 months Stock Velocity Creditor's Velocity 2

17. The following are the ratios relating of the activities of National Traders Ltd. : Debtors Velocity 3 months Stock Velocity Creditor's Velocity 2 months Gross Profit Ratio 25% Gross profit for the year ended December, 2011 amounts to Rs. 4,00,000. Closing Stock of the year is Rs. 10,000 above the opening stock. Bills receivable amount to Rs. 25,000 and Bills payable Rs. 10,000. Find out the following figures: (i) (ii) Sales Sundry Debtors (iii) Closing Stock (iv) 8 months Sundry Creditors.

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