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From the following details, compute (i) Gross Profit Ratio (ii) Stock Turnover Ratio and (iii) Operating Ratio:
Rs
Sales
1,50,000
Cost of Goods Sold
1,20,000
Opening Stock
29,000
Closing Stock
31,000
Debtors
16,000
Net Fixed Assets
1,10,000
what sort of hypothetical example questions should be asked about his position and such? I'm a bit stumped on coming up with something appropriate with his position. Any ideas?
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