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The following information is given about MSP Ltd for the year ending Dec 312017. ...

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Accounting

The following information is given about MSP Ltd for the year ending Dec 312017.
Stock turnover period =6times
Gross Profit Ratio =20% on sales
sales for 2017=300,000
closing Stock =10,000 more than the opening Stock
Opening Creditor =20,000
Closing Creditors =30,000
Trade debtor at the end =60,000
Net working Capital =50,000
Calculate ;
1. Average Stock
2. Purchases
3. Creditors turnover ratio
4. Average Payment Period
5. Average Collection Period
6. Working Capital turnover ratio

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