AdriannaG4067 AdriannaG4067

30-05-2023
Business

contestada

Following are the ratios relating to the trading Activities of X Ltd: Debtors Velocity 3 months Stock Velocity 8 months
Creditors Velocity 2 months Gross Profit Ratio 25% Gross Profit for the year ended 31 March, 2004 amounted to $ 400,000. Closing stock of the year le $10,000 above the opening stock. Bils Recetirable amounted to $ 25,000 and Bills Payable amounted to $10,000
Find Out
(a) Sales,
(b) Sundry Debtors

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