(Answered) From the following balance sheet calculate current ratio

Finance

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

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