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From the following balance sheet calculate current ratio

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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

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
  1. Current Ratio = 0.8:1
  2. Proprietary Ratio = 2.3:3.5

Reference no: EM13567640

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