Question :
On the basis of following information received from a firm, its proprietary ratio will be -
|
Particulars |
Amount |
|
Fixed assets |
330000 |
|
Current assets |
190000 |
|
Preliminary Exp. |
30000 |
|
Equity share capital |
244000 |
|
Prefrence share capital |
170000 |
|
Reserve Fund |
58000 |
Option 1: 80%
Option 2: 85%
Option 3: 70%
Option 4: 90%
Correct Answer: 85%
Solution : The shareholder's equity is divided by the total assets of the company to arrive at the proprietary ratio, which is expressed as a percentage.
Hence the ratio is -
= (Equity share capital + Preference share capital + Reserve Fund - Preliminary Exp.)/(Fixed assets + Current assets)
= Rs.(244000 + 170000 + 58000 - 30000)/Rs.(330000+190000)
= Rs.442000/Rs.520000
= 85%
Hence the correct answer is option 2.
Related Questions
Question :
Calculate Operating ratio -
|
Particulars |
Amount |
|
Revenue from Operations |
600000 |
|
Gross profit |
20% |
|
Office Expense |
30000 |
|
Selling Expense |
48000 |
Option 1: 80%
Option 2: 95.33%
Option 3: 85%
Option 4: 93%
Question :
Calculate Cash Flow From Investing activities From the following information -
|
Particulars |
Amount |
|
Purchase of machine |
300000 |
|
Purchase of goodwill |
150000 |
|
Purchase of Investment |
200000 |
|
Sale of Machine |
85000 |
|
Sale of inveatment |
80000 |
|
Sale of Patents |
90000 |
|
Interest and dividend Received |
60000 |
|
Rent Received |
80000 |
Option 1: Rs.(2,55,000)
Option 2: Rs.6,50,000
Option 3: Rs.3,95,000
Option 4: None of the Above
Question :
From the Following information what will be the amount of asset purchased during the year?
|
Particulars |
Closing |
Opening |
|
Machinery (At cost) |
690000 |
600000 |
|
Accumulated Depreciation |
90000 |
60000 |
Additional information: During the year a machine coating Rs.50,000 with accumulated depreciation Rs.32,000 was sold for Rs.20,000.
Option 1: Rs.1,40,000
Option 2: Rs.1,20,000
Option 3: Rs.1,65,000
Option 4: None of the above
Question : M & N were partners. They decided to dissolve their firm on 31st march 2022. The balance sheet of the firm is given below. M undertook to pay Mrs. M Loan and took over 40% of the stock and 70% of machinery at a discount of 15%.The Value at which asset is taken over by M will be :
Balance sheet as at 31st march 2022
|
Liabilities |
Amount |
Assets |
Amount |
|
Capital M |
40000.00 |
Furniture |
50000.00 |
|
N |
100000.00 |
Machinery |
20000.00 |
|
Mrs. M Loan |
15000.00 |
Stock |
50000.00 |
|
Cash in Hand |
35000.00 |
||
|
155000.00 |
155000.00 |
Option 1: Rs.17,000
Option 2: Rs.5,100
Option 3: Rs.28,900
Option 4: None of the Above
Question : Working Capital turnover ratio will be -
|
Particulars |
Amount |
|
Current assets |
500000 |
|
Current Liabilities |
100000 |
|
Revenue from operation |
2800000 |
Option 1: 7 Times
Option 2: 5.8 times
Option 3: 8 times
Option 4: 10 times
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