From the following balance sheet, calculate Current Ratio and Proprietary Ratio: Balance Sheet of Felix Ltd as on Mar 31, 2007.
|
Liabilities
|
Rs
|
Assets
|
Rs
|
|
Share Capital
|
1,80,000
|
Fixed Assets
|
2,00,000
|
|
General Reserve
|
50,000
|
Current Assets
|
80,000
|
|
Bank Overdraft
|
20,000
|
Long-term Investments
|
40,000
|
|
Current Liabilities
|
1,00,000
|
Preliminary Expenses
|
10,000
|
|
|
|
Goodwill
|
20,000
|
|
|
3,50,000
|
|
3,50,000
|
- Current Ratio = 0.8:1
- Proprietary Ratio = 2.3:3.5