From the following ratios and information relating to the activities of Bengal Traders Ltd., find out

(a) Sales for the year 2015;

(b) Sundry Debtors on 31.12.2015;

(c) Sundry Creditors on 31.12.2015;

(d) Closing Inventories: Debtors’ velocity 3 months; Inventories velocity 6 months; Creditors’ velocity 2 months; Gross Profit ratio 20%. Gross profit for the year ended 31st December, 2015 was ₹ 5,00,000. Inventories as on 31st December, 2015 was ₹ 20,000 higher than that of the opening inventories. Bills Receivable and Bills Payable were ₹ 60,000 and ₹ 36,667 respectively at the end of the year.