1.

From the following information, calculate Proprietary Ratio: BALANCE SHEET OF FORTUNE LTD. as at 31st March, 2019 Particulars Note No. Amount (₹) I. EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Share Capital 6,00,000 (b) Reserves and Surplus 1,50,000 2. Current Liabilities (a) Trade Payables 1,00,000 (b) Other Current Liabilities 50,000 (c) Short-term Provisions (Provision for Tax) 1,00,000 Total 10,00,000 II. ASSETS 1. Non-Current Assets Fixed Assets (Tangible Assets) 5,00,000 2. Current Assets (a) Current Investments 1,50,000 (b) Inventories 1,00,000 (c) Trade Receivables 1,50,000 (d) Cash and Cash Equivalents 1,00,000 Total 10,00,000

Answer» From the following information, calculate Proprietary Ratio:








































































































BALANCE SHEET OF FORTUNE LTD.



as at 31st March, 2019



Particulars



Note No.



Amount

(₹)



I. EQUITY AND LIABILITIES



1. Shareholders' Funds





(a) Share Capital





6,00,000



(b) Reserves and Surplus





1,50,000



2. Current Liabilities





(a) Trade Payables





1,00,000



(b) Other Current Liabilities





50,000



(c) Short-term Provisions (Provision for Tax)





1,00,000



Total





10,00,000



II. ASSETS





1. Non-Current Assets





Fixed Assets (Tangible Assets)





5,00,000



2. Current Assets





(a) Current Investments





1,50,000



(b) Inventories





1,00,000



(c) Trade Receivables





1,50,000



(d) Cash and Cash Equivalents





1,00,000



Total





10,00,000






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