Question
Calculate the Proprietary Ratio of the
company? Read the following information to answer the below questions: Â 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. ÂSolution
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
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