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The following particulars are extracted from the Balance Sheet of Goodwill Enterprises Ltd. as at 31st March, 2018 : ParticularsRs. Equity Share Capital3,00,00010 % Preference Share Capital1,20,000Capital Reserve60,000Profit & Loss Balance1,20,00012 % Debentures50,00010 % Mortgage Loan1,50,000Current Liabilities2,80,000Non Current Assets4,80,000Current Assets6,00,000 Showing the full working, calculate the following ratios : (i) Debt-Equity Ratio (ii) Proprietary Ratio (iii) Interest Coverage Ratio Net Profit after interest and tax amounted to Rs. 63,000 Rate of Income Tax was 50% |
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Answer» The following particulars are extracted from the Balance Sheet of Goodwill Enterprises Ltd. as at 31st March, 2018 : ParticularsRs. Equity Share Capital3,00,00010 % Preference Share Capital1,20,000Capital Reserve60,000Profit & Loss Balance1,20,00012 % Debentures50,00010 % Mortgage Loan1,50,000Current Liabilities2,80,000Non Current Assets4,80,000Current Assets6,00,000 Showing the full working, calculate the following ratios : (i) Debt-Equity Ratio (ii) Proprietary Ratio (iii) Interest Coverage Ratio Net Profit after interest and tax amounted to Rs. 63,000 Rate of Income Tax was 50% |
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