Given \(\begin{array}{c|c} \text{Opening stock} & 50,000 \\ \hline \text{Purchases} & 200,000 \\ \hline \text{Sales} & 350,000 \\ \hline \text{Closing stock} & 80,000 \\ \end{array}\) What is the cost of good sold?
\(\begin{array}{c|c} N & N \\ \hline \text{Capital 8000} & \text{Plant and machinery5000}\\ \hline \text{Net profit 4000} & \text{Motor Van 4500} \\ \hline \text{Drawings 200} & \text{Stock 2000} \\ \hline \text{Creditors 2000} & \text{Debtors 1000} \\ \hline \text{Accurals 300} & \text{Banks 100} \\ \hline & \text{Cash 600} \\ \hline 14100 & 14100 \\ \end{array}\) What is the current ratio?
