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    Question

    Refer the below details and answer question 23:

    ┬а Calculate the Proprietary Ratio
    A 0.50 Correct Answer Incorrect Answer
    B 0.60 Correct Answer Incorrect Answer
    C 0.65 Correct Answer Incorrect Answer
    D 0.55 Correct Answer Incorrect Answer
    E 0.40 Correct Answer Incorrect Answer

    Solution

    Proprietors fund / total assets Proprietor fund = Share capital(Equity & Pref.) + Retained earnings (less loss if any) -Fictitious assets = 2,00,000 + 3,60,000 + 140,000-28,000 = 6,72,000 Total Assets = Fixed Assets + Current Assets-Fictitious assets = 12,60,000 тАУ 28,000 = 12,32,000 = 6,72,000/12,32,000 = 0.55

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