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please solve the following question:
From the informations given below calculate the amount of Fixed assets and |
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Proprietor's fund. |
Ratio of fixed assets to proprietors fund = 0.75
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Please help!!!!!!!!!!!!!!!!!!!
Replies (8)
whoa!!! nothing else.....
in Need of One Another Figure.
U Should Provide Prop. Fund or Fixed Asset Figure.
I think ur question is incomplete.....
| Originally posted by :praveen | ||
| " | whoa!!! nothing else..... | " |
yes nothing else is given, this is question from cost fm nov 09 exam.
There must be something Vatsalya....
Read the entire question.....
If still there is nothing then u have no choice but to assume any figure..( sounds illogical but no alternative)
sorry one more figure is given
net working capital=6lac
now solve the question
fa= 18,00,000
prop fund = 24,00,000
its an ipcc question na
Aravind is correct the solution is detailed below
Fixed Asset /Prop Fund =0.75/1
FA =0.75PROP Fund
FA = 0.75(FA +NETWC)
FA=0.75FA+450000
0.25FA=450000
FA=450000/0.25=1800000
prop fund =FA +WC
=1800000+600000
=2400000
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