Solved: Calculate current ratio and proprietory ratio, Financial Accounting

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Calculate current ratio and proprietory ratio

Response to the following problem:

From the Balance sheet given below, calculate current ratio and proprietory ratio Balance sheet of Ram & Co Ltd as on 31.3.2004

Assets Liab.

Share capital 60000

Fixed assets 165000

Reserved 45000

Current Assets 75000

Bank Overdraft 70000

Investments 35000

Current liab 120000

Prel. expenses 10000

Goodwill 10000

Total 295000 295000

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Financial Accounting: Calculate current ratio and proprietory ratio

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