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From the following balance sheet, calculate Current Ratio and Proprietary Ratio: Balance Sheet of Felix Ltd as on Mar 31, 2007.
Liabilities
Rs
Assets
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
3,50,000
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