EVALUATION OF POSITION STATEMENT OF INDIAN OIL CORPORATION LIMITED
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Abstract
Abstract
The balance sheet is an important part of any organization this has to be compulsorily prepared as per provisions of the Indian Company’s Act. The assets of the organization reflect the economic resources which the business organization possess, and from where these resources have come are reflected through the liabilities. The Balance sheet provides information about nature and value of assets, nature and extent of liabilities as well as gives information whether the business organization has sufficient funds to pay off the liabilities of the business organization. It also provides information that the stability position of the organization is satisfactory or not. In this research article we have applied the fixed assets turnover ratio, total assets turnover ratio, solvency ratio & debt equity ratio for judging the efficiency with which the fixed assets are utilized by the organization, finding the efficiency with which the total assets are used and also to find the relationship between the total assets & total outsiders liabilities & assessing the extent to which debt financing has been used from 2010-11 to 2014-15.
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