📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Calculate Proprietary

    Ratio Direction(14 to 16):- Refer the following summarized Balance Sheet & P&L of AB Ltd. as on 31 ‐ 3 ‐ 2022.   Summarized Profit and Loss Account is as under for the year ending on 31 ‐ 3 ‐ 22:                                                                                         Rs . Sales (25% Cash sales)                                              80,00,000 Less: Cost of goods sold                                            56,00,000        Gross Profit                                                                24,00,000        Net profit (Before interest and tax 50%)                     9,00,000 Calculate the following ratios:
    A 0.60 Correct Answer Incorrect Answer
    B 0.50 Correct Answer Incorrect Answer
    C 0.55 Correct Answer Incorrect Answer
    D 0.65 Correct Answer Incorrect Answer
    E 0.70 Correct Answer Incorrect Answer

    Solution

    Shareholders’ Funds / Total Assets = 20,80,000 / 29,80,000 = 0.70 SHF = Eq. Sh. Cap. + Reserves & Surplus + Preference Sh. Cap. – Fictitious Assets Total Assets = Total Assets – Fictitious Assets SHF = 10,00,000 + 7,00,000 + 4,00,000 ‐ 20,000 = 20,80,000 TA = 30,00,000 – 20,000 = 29,80,000

    Practice Next
    More Banking System in India Questions
    ask-question