Calculate Proprietary ratio from the following:
Fixed assets 1280000
current assets 720000
8% Debentures 560000
10% Mortgage loan 330000
Bank overdraft 220000
trade payables 190000
Answer: 0.65:1
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Answer:
0.65:1
Explanation:
fixed assets 1280000
current assets 720000
8% debenture 560000
10% mortgage loan 330000
bank over draft 220000
trade payables 19000
ans:0.65:1
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