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The following facts of a company occur in a particular year. Sales on account are 1,500,000. The purchases amount to 1,200,000. The stock increased from
The following facts of a company occur in a particular year. Sales on account are 1,500,000. The purchases amount to 1,200,000. The stock increased from 300,000 to 400,000 during the year. Creditors have increased from 350,000 to 450,000. Accounts receivable fell from 500,000 to 425,000. a) how much is the profit b) how much did the debtors pay c) how much did the creditors pay
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