Proprietary Ratio 0.6 = (Fixed asset/Proprietary fund) Current assets = ₹ 2,00,000 Current liabilities = ₹ 80,000 Assuming no long-term liabilities, Fixed assets = ?
CS Executive · Corporate and Management Accounting · PYQS · December 2024
Proprietary Ratio 0.6 = (Fixed asset/Proprietary fund) Current assets = ₹ 2,00,000 Current liabilities = ₹ 80,000 Assuming no long-term liabilities, Fixed assets = ?
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Financial Statement Analysis
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