calculate proprietary ratio:
NET SALES = Rs. 5,00,000 ;
GROSS PROFIT = Rs. 1,50,000 ;
TOTAL CURRENT ASSETS = Rs. 3,00,000 ;
CLOSING STOCK = Rs. 25,000 ;
PREPAID INSURANCE = Rs. 5,000 ;
TOTAL CURRENT LIABILITIES = Rs. 1,50,000 ;
SHARE CAPITAL = Rs. 4,00,000 ;
RESERVES AND SURPLUS = Rs. 50,000 ;
PRELIMINARY EXPENSES = Rs. 7,000 ;
FIXED ASSETS = Rs. 6,00,000
Shareholders’ Fund = Share Capital + Reserves and Surplus – Preliminary Expenses
Shareholders’ Fund = 4,00,000 + 50,000 – 7,000
= 4,43,000
Total Assets = Fixed Assets + Current Assets
= 6,00,000 + 3,00,000
= 9,00,000
