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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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Answer» From the following information, calculate Proprietary Ratio:
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