Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. From the following information, make out a statement of proprietors funds with as many details as possible: i)Current Ratio 2 ii)Liquid Ratio 1.25 iii)Proprietary
1. From the following information, make out a statement of proprietors funds with as many details as possible: i)Current Ratio 2 ii)Liquid Ratio 1.25 iii)Proprietary Ratio (Fixed Assets/Proprietors funds) 0.60 iv)Working Capital Rs 50,000 v)Reserve and Surplus Rs 25,000 vi)Bank Overdraft (Liquid Liability) 10000 vii)There is no long term loan or fictitious asset.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started