Q. 42. Calculate Proprietary ratio from the following:
₹
Fixed Assets
Current Assets
8% Debentures
10% Mortgage Loan
Bank Overdraft
3,30,000
2,20,000
1,90,000
[Ans.Trade Payables
12,80,000
7,20,000
5,60,000
Proprietary Ratio : 0.65]
Answers
Explanation:
Long-term debt = Total external liabilities - current liabilities
= Rs. 5,00,000 - Rs. 1,00,000
= Rs. 4,00,000
Total non-fictitious assets = Total assets - Fictitious assets
= Rs. 10,10,000 - Rs. 10,000
= Rs. 10,00,000
Shareholders funds = Non-fictitious total assets - Total liabilities
= Rs. 10,00,000 - Rs. 5,00,000
= Rs. 5,00,000
Net assets = Total non-fictitious assets - Current liabilities
= Rs. 10,00,000 - Rs. 1,00,000
= Rs. 9,00,000
Proprietary ratio = Shareholders funds/ Capital employed
= Rs. 5,00,000/Rs. 9,00,000
= 0.556
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