Q4 Calculate the following ratios using the given information and interpret them: Current ratio; Quick ratio; Debt-Equity ratio; Proprietary ratio; Inventory turnover ratio, given that net sales for the year amounted to Rs 5,00,000 and the Gross Profit ratio is 15% Balance sheet of M/s Powerhouse as on 31.03.2019 Amount Amount Liabilities Assets Equity Shares of Rs 100 each (in Rs) 10,80,000 Fixed Assets (in Rs) 14,40,000 9% Preference Shares of Rs 100 each 5,00,000 Investments 4,20,000 12% Debentures Sundry Creditors Bank Overdraft 4,60,000 Closing Stock 1,44,000 Sundry Debtors 1,52,400 Bills Receivables Cash at bank Discount on issue of debentures 23,36,400 Total 1,14,000 1,92,000 54,000 78,000 38,400 Total 23,36,400