Question

    Read the following information to answer the below

    questions:  Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inventories were 60 % of closing inventories. Opening Receivables are 120,000. Calculate the Proprietary Ratio of the company?
    A 0.59 Correct Answer Incorrect Answer
    B 0.61 Correct Answer Incorrect Answer
    C 0.53 Correct Answer Incorrect Answer
    D 0.44 Correct Answer Incorrect Answer

    Solution

    Shareholders fund/Total assets = 13,84,000/ 23,34,000 =0.59 Shareholders fund: Equity + Preference + General Reserve + P & L– Preliminary Expenses -Losses not written off =8,00,000 + 4,00,000 + 1,50,000 + 76,000 -15,000 -27,000 =13,84,000 Total assets: Building + Plant & Machinery+ Land + Stock + Debtors + Cash 5,00,000+4,50,000+6,00,000+4,20,000+3,40,000+24,000 =23,34,000

    Practice Next
    More Accounts Questions

    Relevant for Exams:

    ask-question