Solve the below problem with the help of required ratio formulas and comment on the companys position.

The Balance Sheet of Punjab Auto Limited as on 31-12-2002 was as follows: Particular Rs. Particular Equity Share Capital 40,000 plant and Machinery Capital Reserve 8,000 Land and Buildings 8% Loan on Mortgage 32,000 Furniture & Fixtures Creditors 16,000 Stock Bank overdraft 4,000 Debtors Taxation: Investments (Short-term) Current 4,000 Cash in hand Future 4,000 Profit and Loss A/C 12,000 1,20,000 From the above, compute (a) the Current Ratio, (b) Quick Ratio, (c) Debt-Equity Ratio, and (d) Proprietary Ratio. Rs. 24,000 40,000 16,000 12,000 12,000 4,000 12,000 1,20,000