a study on the ratio analysis

Upload: sujay-suran

Post on 07-Apr-2018

218 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/3/2019 A Study on the Ratio Analysis

    1/81

    $!$$

    8 90 2,47 0547907 41 85.0 .43/20398 .47 94

    /1107039 5,79841 9047/ %005479 050/ 3/, 70,0430 41 98

    549039,7084:7.09,9,8,;,,-035039,.748890.4894107,,

    .4:/ -0 .,0/ -,. 4/ 147 90 84 ,/ ;,89 ,55.,943 3 2 ,3

    3/:89708070 $# , # 8.03989 349.0/ 9,9 90

    .47 1-07 054790/ 1742 07,, .439,30/ , -743 5,79.0 . 0

    14:3/4:994-0-0,.8,3/174290.489,-0984107,,31:7907

    0,23,9430,8,-0 9470,09,990-0,.8,3/54880880/ 8420

    097,47/3,757450790809449948,-431:79070,23,9430

    ,8,-09413/90.02.,.4254894341908,3/94-0908,20,8

    9,9 41 243,90 , 7,70 0,792,907, %8 /8.4;07 :23,90/ 90

    1:9:7041243,90

    %80,/949080993:54190,942.0307.4228843:3/07

    90.,72,38541#%005479417,700,7984

    ,8894550/905488-90814723390840700,230/

    #%#3.47547,90/3900,7,9:2-,8,

    4;073203941 3/,:3/079,3:3/0790,/23897,943.4397441 90

    /05,792039 41,942.030703,0/ 3233,3/574.0883

    41-0,.8,3/-0,730,;2307,8174290.489,-098:73

    # -0.,20 , 5:-. 80.947 :3/079,3 ,3/ 94 2307, 805,7,943

    5,398430,9'%'1&,3/90

    4907,9'#07,,070809:5,;,7,5,39803,0/

    390574.088341-0,.8,3//054898,;,,-04390.4,89,-09841

    #,,2:,2

  • 8/3/2019 A Study on the Ratio Analysis

    2/81

    %%$%&

    9,-74,/;094,.0;3904-0.9;0;0339089:/

    90039703;089,943,8.,770/4:939014432,3307

    :.4190/,9,70.0;0/1479089:/,8-003.40.90/1742

    9070.47/841425,3

    ,3/09,870,90/99013,3.,89,9020398,70174290

    411.,839013,3.0/05,792039

    -807;,94341901:3.943341/05,7920398

    -7,77010703.08,34907,4184:7.08411:3/8

    !#$%&

    %05074/4189:/,817420-7:,794,

    %'$%$%&

    %089:/8.,770/4:999014434-0.9;08

    %489:/9013,3.,5071472,3.04198.425,3:837,948

    %4.425,7013,3.,708:9841;,74:80,78

    %420,8:709013,3.,5489434190.425,3

    %4:3/0789,3/,-4:99013,3.,4507,94384190.425,3

    %4,3,8890.425,7,9;0-,,3.08009

    %4;08:089438-,80/439013/38419089:/

  • 8/3/2019 A Study on the Ratio Analysis

    3/81

    %%%$%&

    #0897.90//,9,-0.,:8041411.,80.70.

    38:11.039920

    290/340/0418:-0.9

    :8,3/0.9.8.0/:041411.,8

    #08543/0398-,808,3/507843,570:/.0,842,,110.990

    31472,943,3/089,943370;0,3.079,31,.98,84-0,3

    4-89,.03;31:7383.079,3/09,8

  • 8/3/2019 A Study on the Ratio Analysis

    4/81

    &$%#!#

    33 3/:897 8 430 41 90 ,7089 3/:89708 3 90 47/

    33 3/:897 8.43.0730/990/70.9 9,553 ,3/:9,943413,9:7, 7084:7.08 . ,70 2489 5078,-0 8,3/ 233 8 ,

    831.,39 3/ 41233 3 . 850., 0507980 8 300/0/,.

    8,3/2338,,-4:9/8.4;073,3/5:993394:800,;2307,8

    .,0/ ,8 #,70,798 %0 9072 #,70 ,798 /034908 90 74:541

    .02.,82,7209,.00203989,93.:/088.,3/:2;97:2,3/

    ,39,3/08%074:541#,70,798,870,931:03.0/4:7/,94

    /, 109 3:2074:8,55.,94383,20 390,70,841209,:72,3098.07,2.800.9743.8459.,20/.,,3/3:.0,70307

    #$#

    4-,3.70,80323.,5,.98.:77039:3/07,9

    3:2074:8 30 5740.98 ,74:3/ 90 47/ %080 -0 705,.3 3

    5,79 /3/3 70807;08 1742 0893 574.0/:708 :77039 /02,3/ 8

    890,/ 3.70,83 -:9 2, 349 -0 8:11.039 95 8:55479 90 5740.90/574/:.9431742,90305740.98%02,472307,8,3//05489841

    90 47/ ,70 8570,/ 974:4:9 /1107039 .43930398 ,.7488 90 4-0

    %00547,9431472307,8,3//054898,8 3903810/ 83.0902/

    8/:0943.70,83:80,3//02,3/1470,;2307,8%02,47

    .4:39708 070 9080 /054898 14:3/ ,70 :897,, ,3,/, 3/,

    03,,/,,8.,74,2-6:0$4:917.,09.

  • 8/3/2019 A Study on the Ratio Analysis

    5/81

    $#

    3/,,84;072.4,89,30,3/,870807;08412307,83

    90-0,.8,3/3/,,8,7070807;0841-0,.8,3/0,;2307,8390.4,89,89709.08,74:3/90.4:397850.1.,384:9089.4,89

    41 07,, ,3/ ,,7,897, 0,. 8,3/ .439,38 90 25479,39 0,;

    2307,8 8:. ,8 20390 #:90 0:.4030 7.43 43,90 ,3/

    $2,390#,889:,90/;,74:85,3983/11070394.,94788:.,8

    42-, ,,7,897, ,3,;,,:7. %,2 ,/: ,97,5:7

    788,,;,7,,3/:;,07,,%070,70842057;,90.425,308

    ,84.,704507,9333/,

    $%%$#

    .1/8 43 .4:397 8 90 -089 40.9 , 43 .4,89, -09

    07,, 89,90 8 03/40/ 9 , 3:2-07 41 4..:7703.08/054898 41

    2307,8 8:. ,8 0,; 2307,8 8,3/8 20390 #:90 7.43

    43,9082,3904/743470,:907,5903,.,70

    .,%0,3/7..,$., 8,3/390208943020800203843894307,39002894308,30990$90,99009.40;07

    233 ,.9;90843 ,70 8.,0 ,70 .43130/2,3 94, 102307,8

    0,;2307, 8,3/83, ., ,3/ 94, 0880709039 208943020

    $0$.,8,3/,3/7,39031,.90,;2307,88,3/,3/.3,.,

    .4397-:9024709,34190949,;,:0412307,574/:.943390

    89,90

    %089,904382307,/05489805,.0783,.,,43

    20894302080$.,8,3/,:907,5907434707,390

    09. %0 2,47 2307, -,80/ 3/:89708 0 3/,3 #,70 ,798 9/

    ,;,7, 07,,307,8 ,3/09,89/,;,7,,,-,7020398

  • 8/3/2019 A Study on the Ratio Analysis

    6/81

    ,,,7 %7,;,3.470 020398 9/ 499,,2 :3/7, 07,2.8

    4,2 38 3/,3 ,8 9/ %7:;,39,5:7,2

    .0,883/:897,55:,07,,,8,3/07,2.8574/:.98

    9/ !,,,3,,/ ,33:7 ,70 8420 41 90 2307, -,80/ 3/:89708

    473 3 90 89,90 83.0 80;07, 0,78 %0 7084:7.08 41 -0,:91:

    473,2039,7,390839089,90,70-03054790/94/1107039.4:39708

    #9801,849945,39839089,90308,9,;,7,,3/90

    49073:;,,;,7,5,39803,0/390574.088341-0,.8,3/

    /054898,;,,-04390.4,89,-0941003/,,7,,,2:,2

    ,;,7, -,7707 -0,. 9 , /9 41 2 8 /;/0/ 394

    -4.8 3:2-070/ 4 147 805,7,93 24390 147 90 2,3:1,.9:70 41

    %%0-4.8 ,70,55479430/-0900307,,307,8,3/09,8

    9/,89,904;0732039:3/079,3,3/3/,3#,70,7989/

    #,4;0732039413/,039075780:3/07

  • 8/3/2019 A Study on the Ratio Analysis

    7/81

    ###%$%

    $%##

    3 90 0,7 5,79 41 90 9 .039:7 ,70 -:3/08 41 .47 ,

    .4.43:91-07574/:.9:80/94-08550/94:7450174284:9089073

    .4,89, 70438 41 3/, 3 570803.0 41 30 5,79.08 41 833

    048 -743 8,3/ 3 90 -:3/08 ,74:3/ 90 .:7589 41 8.03989

    7 $.42-07 , 072,3 .0289 3 /03910/ 9080 83

    5,79.08,8 902307,7,384143,90/8.4;079,9574;/094-0

    220/,90-030199490072,38%0070,,704190.42207.,

    549039,41982307,,898,8902,384:7.041947:297,90,3

    088039,2,907,14790574/:.94341,82,390%000.97.,25,8

    349 3;4:0 ,99,9 920,3/ 90,82,390 ,258070-03/0

    :80/ %7,.3 -,. 94 90 84:7.0 41 05479 .47 90 072,3 2,/0

    3;089,943 147 90 5488-0 84:7.0 4143,90 3$4:9 3/, 98

    708:90/ 3 907089,-8341 90 17892307, 8,3/.425,3 147 90

    574/:.9434143,90%8072,3.425,3,890543007.43.073

    41900549,94341900,;2307,33/,

    :7347/,7 90798800/90072,3.4824549,3

    .425,3 $.42-07 ,8 ,770890/ ,3/ /054790/ $3.0 903 :5 94

    3/0503/03.0 90 2307, 8,3/ 3/:897 ,/ -003 798 243454

    9 90 ,/;039 41 00.97. ,25 ,82,3908 489 907 /02,3/8 ,3/

    43,9080020/941,.070,970.08843%80/94903;089,943147

    4907;,:,-02307,8390-0,.8,3/,3/844349070,;2307,80 :23,90 #:90 7.43 $2,390 09. 070 /8.4;070/ 3 90

    8,20 7, 243,90 8,3/ :80/ - 90 3/:897 044., $:7;0 41

    3/, 089,-80/ 90570803.041:06:,3990841 9080254790,;

  • 8/3/2019 A Study on the Ratio Analysis

    8/81

    2307,83,897541,3/-0900390949/,.,330841003/,,7,

    ,3/,,2:,23":3/897.9

    044.,9070438,5,7941,933,774.4,8941:5190/9077947 80/20398 ,43 90089.4,894;07, 13021742,50

    .425,73 94 90 3479 90 ,:;, 2307, 8,3/8 7089 4;07 98

    80/2039,7 1472,943 %0 3,9:7, 8947 41 0,; 2307,8 8,3/8

    -03174290.789,3074.84190089073,984190,78

    %08074.8.439,323:90.789,8417,38410,;2307,8:73

    0,9073908074.8,;0-003/0.425480/,3/,724:9,3/.,770/

    3 94 90 80, 3 90 .4:780 41 9080 7,38 ,70 97,3854790/ 1:7907 ,3/1:7907 174290473, 890 3 902,39,38 - 8970,2 94-0:92,90

    /054890/39080,070949050.:,73,9:70419080,.:770398,3/

    90,890,.94390,..:2:,938,3/7,38,;0-0038059-,.43

    90-0,.8,3/,3/349.,770/,,3949080,%0,.9434190,;08

    .43.0397,90890808,3/8-473,,90.43899:03989,9,709

    %0 ":43 /054898 ,;0 -003 9070 , 7. 84:7.0 41 7,70 0,798 ,3/

    4907 0,; 2307,8 ,;3 , /0 ;,709 41 :8078 3 3/:897 ,3/8.03.0

    %017891:10/0/2307,83/:8973,,7,,8089,-80/

    -7!0707,,3/8438%7,;,3.470!;99/3,9074907

    14728070,84089,-80/%003/4114:7.425,30803,0/

    3 90 -:830889,/89,3.0412,43905,;,7,-0,.%0

    070 !0707, ,3/ 8438 5;9 9/ %7,;,3.470 2307, .425,3 9/

    884.,90/2307,.425,39/,3/4538,29/

    3 90 4;0732039 41 3/, 809:5 90 942. 307

    43;07843 :3/07 90 .,72,385 41 7 42-,-, %0 05479 41

  • 8/3/2019 A Study on the Ratio Analysis

    9/81

    43,90 ,8 894550/ ,3/ 90 5488-9 41 80993 :5 , 1,.9 94

    574.088902307,84190574/:.943417,700,798,80,230/

    3::89#,83.47547,90/,8!;99/425,3439430/-4;073203941 3/,4;073203941%7,;,3.470,3/

    4.3 9 90 572,7 3903943 41 9,3 :5 .42207., 8.,0

    574.08834143,908,3/,9981789:393,20#,70,79;843

    :;,07,,1479070.4;0741947:2

    3 # -0.,20 , 1:10/0/ 0397, 4;0732039

    :3/079,33:3/07 90,/23897,9;0.439744105,79203941

    942.307 #9444;07,3:2-074157;,90.425,308

    03,0/ 3233 ,3/ 805,7,943 41-0,. 8,3/2307,8 3 84:9073

    5,7984190.4:397

    47 4;07 0,78/1107039:39 41 90 2307, 8,3/ 3/:897 ,9

    ,3,;,,:7. 3 %,23,/: ,3/ ,9 ,;,7, 3 07,, 070 3 90

    .439744114703.4:39708%0.,20:3/074;0732039.439748443

    ,1907 3/0503/03.0 3 9,8 089,-80/ ,8 , ,708.,0 5:-.80.947:3/079,39,3 ,:9470/ .,59,41 ,8 ,907 #

    944 4;07 90 8,3/ 805,7,943 :398 ,3/ 809:5 , 24/073 2307,

    805,7,9435,39,9,;,7,3%05,39889:,90/2347941

    4,2

    %0/05489410,;2307,8 8,3/ 814:3/ 3 90 .4,89, ,70,

    -09003003/,,7,,3/,,2:,20903/34;07,039412

    9 ,;07,0/9 41 230 003/,,7, ,,2:,2 .4,89,

    8,3/ /05489 8 .42243 343 ,8 ,;,7, /05489 %8 ,70, 8

    0892,90/ 94.439,3 ;,:,-0 0,;2307,8/05489479-43

    %8,8-00314:3/94-043041907.089/05489839047/

  • 8/3/2019 A Study on the Ratio Analysis

    10/81

    0700,:8939084:7.08418:55417,708,3/147#

    ,;,7,0,:890/990708:99,9574/:.943412307,8390:39

    ,3/980547994/0;0450/.4:39708070970,9030/%084:943,8

    94 .,304;07 174290 88902412,3:,233418:71,.0,70,4;07

    90,7097,.9841,3/94/005233:5941009390,;,,-0,3/

    990:804184589.,90/90.344%85740.947.42203.0/

    3 .425090/ 3 ,9 , .489 41 #8 .4708 9 , 14703

    0.,30.43903941,74:3/$.74708

    # .42288430/ 98 ,7089 /;843 .,0/ 788, 8,3/

    .42501$,97,5:73788,%0425,3,8-003831.,39.,770841;,:,-0147030.,30147903,943#,8

    -00305479398574/:.9894,/;,3.0/.4:397080&$&7,3.0

    ,3,/,089072,3,3/,5,309.;0705479,,7/8#,8

    43-0,7046:03990892439498.43889039054795071472,3.0

    3/,3#,70,798290/#3.47547,90/3900,7

    ,9 42-, 8 , 4;0732039 41 3/, :3/079,3 :3/07 90

    ,/23897,9;0 .43974 41 90 05,792039 41 942. 307

    03,0/3233,3/574.088341-0,.8,3/-0,730,;2307,8

    1742 90 .4,89, -098 :73 # -0.,20 , 5:-. 80.947

    :3/079,3,3/942307,805,7,9435,398430,9,3,;,:7.3

    %,23,/: ,3/ 90 4907 ,9,;,7, 07,, 89,90 070

    80):5 ,;,7, 5,39 ,3 $ .425,3 8 03,0/ 3 90

    574.0883 41 -0,. 8,3/ /054898 ,;,,-0 43 90 .4,89, -09 41

    003/,,7,,,2:,2

  • 8/3/2019 A Study on the Ratio Analysis

    11/81

    '##'$

    4.,90/23479414,221742 %7:;,3,39,5:7,2

    .,59,4107,,,3/ 2- 74,/ 17424. 8507,58-0880/ 9 90 -089 2307, 8,3/ /05489 41 90 .4:397 %0 5,39

    4507,90843,233,70,.439,33,8,80,;2307,8,3/

    0903/3 4;07 , 039 41 2 3 90 -09 41 003/,,7, ,3/

    ,,2:,2 %0/05489 86:90 7.9 70850.9 94 24390 7:90

    ,3/7.43,3/902307,24390,5503894-0410,9070/;,709

    ,3,3%%05708039,33:,574/:.943.,5,.941,;,7,

    :3903,0/3/7,80,809/70/3:57,/,943233,3/2307, 805,7,943 89,3/8 ,9 9 41 24390 9 41 7:90

    9 41 7.43 ,3/ 9 41 82,390 3 ,//943 90 5,39 ,8

    1,.908 147 ,33:, 574/:.943 41 74:3/ 7.43 .,0/ 7147

    2.743 ,3/ 2.747 2.743 41 90 47/07 41 9 ,3/ 9

    70850.9;0

    '#'$

    !,39 8 89:,90/ 8 3479 41 ,,1.:2,7 ,50

    424739084:907324899541 903/,38:-.43930390,907

    2,4780,5479.473,3/9030,7089,75479,9%7:;,3,3

    9,5:7,2,7006:/89,39,-4:981742905,39890,07.4

    ,9 , /89,3.0 41 ,-4:9 28 1742 90 51,39 8 90 .148089 2,47

    #,,89,9435,39,33:,574/:.08,-4:992439041

    %7,/097:90 ,3/97.43 3,//943 949243,90,3/9,7309-,80/572,743-0,.,838:550/

    -1807203418:774:3/31;0;,08#,8,842330,8041

    2307, 7. ,70,8 0703 7, 8,3/ .,3 -0 2,/0 ,;,,-0 3 ,70

    6:,39908974:/70/34507,9433,//94394233,3/2307,8

  • 8/3/2019 A Study on the Ratio Analysis

    12/81

    805,7,943 90 :39 ,8 , .02.,5,39 94,// ;,:0 94 7.43 3 90

    1472 41 7.43 179 ,3/ 4907 7.43:2 -,80/ .02.,8 3 290/

    6:,39908

    #$$$$!$

    $,8.42288430/,9,5,.0.,0/,97,5:7

    ,-4:928174290,59,41788,:-,308,7,3/,-4:9

    21742,0,90780,5479'8,,5,93,294054990:05,.07

    /05489 ,.7488 , 233 ,70, 41 862 94 574/:.0 943

    24390,;3 %.439039,3/ ,884.,90/2307,8 0 7:910

    7.4382,390,730909.%01,.9,86:90:36:039080380

    9,9 147 90 1789 920 # ;039:70/ 394 /70/3 ,3/ .43.0397,943

    4507,943 ,9$ 986:90 011.03903,0/3 /70/341 90

    7,8,3/98:57,/,943/73,3/13,805,7,9435,3920390

    8572,7 054790/ 94 .:8942078 03,0/ 3574/:.947) 41 8, ,3/

    8:5,9,-0%52039%47:25,39 834507,94383.090 ,9

    $94574/:.0943507,33:22,3907,/0%47:297,90

    ###%$'$#:;,

    &30 90 9700 :398 41 # ,8 /08.7-0/ 0,707 # 8 ,3

    0.:8;0;,:0,./3.02., 5,390703 902307,243,90

    574/:.0/-8.02.,970,90/94805,7,90947:2,8/74/0

    :57,/0,3/ 7,700,7978 398 .4254890 .47/0147298 4.,90/43

    90-,38417;07!07,7,9,/89,3.0412-74,/17424.

    %85,39,82,/04507,943,,-,.3949,043574.0883

    41941243,900;070,740;074;07900,7890.,5,.941

    90 5,39 ,8 7,/:, ,:20390/ 94 970,9 ,-4:9 9 41 243,90

    ,-47,9084;039097,.943,3/430.,301,.908070-:9:594

  • 8/3/2019 A Study on the Ratio Analysis

    13/81

    574/:.0 3/;/:, # 4/08 0 4/08 41 0 / !7 ,3/ , 3

    ,/06:,90 5:7908 %4/, # ,8 -:9 :5 ,70 894. 5041 25:70

    947:2 /74/0 :57,/0 ,884.,90/ 9 7,70 0,798 ,3/ :370,.90/

    2,907,8 03.01479 # 57454808 94 970,9 98 /74/0 :57,/0

    7,9079,31708243,9094.43;079947:23945:704,,90,3/7,70

    0,79 ,8 942,47 17,.9438 3,20 0 4/0 ,3/0 4/0 1700 7,70

    0,79.47/0

    ###%#$#%#%##

    47547,90#080,7.039708 4.,90/,94,207,,,3/ .,77084:9

    7080,7.39010/41;,:0,//0/574/:.981742-0,.8,3/2307,8

    :3/079,08 .438:9,3. 5740.98 43 2307, 805,7,943 ,3/ 14 8009

    /0;0452039 .,773 4:9 2307, ,3,88 ,3/ .,9078 94 90 300/8 41

    39073,,3/09073,.:894207898 03,0/3;,74:8#,.9;908

    8:. ,8 574.08834143,90 - ,9073,90 74:90 574.0883 413,34

    7,70 0,79 2,907,8 ,3/ 4907 ;,:0 ,//943 43 2307,8 9 90

    :92,90 4-0.9;0 41 .42207.,8,943 #080,7. .03970 ,84)

    .447/3,908907080,7.,.9;90841#:;,,3/%0.3.,$07;.08

    ;843 ,9 $ ,97,5:7 788, %8 #080,7. 03970 ,8

    0,707343,8307,#080,7.,3/0;04520390397083.0

    ,3/,907703,20/,83/,3#,70,798#080,7.039701742:

    %8039708,84.07910/9$

    9 90 4-0.9;0 41 5742493 3/:897, 8.,0 # 9,9

    4:/-0-0301.,94984;07,5747,2390728413:.0,7,3/70,90/2,907,83/,3#,70,798290/%0.3440;04520394:3.

    #% ,8 .43899:90/ 3 - 90 $0.709,7 9

    202-0781742##$#,3/49070,/33899:9438%0

    ,750784341984:3.890$.0391./;8479470.947#

  • 8/3/2019 A Study on the Ratio Analysis

    14/81

    ,3/ 4,7507843 8 90 41 # %0 0,/ ## 8 98

    02-07$0.709,7

    %0 #080,7. 03970 8 06:550/ 9 ;,74:8 06:520398 ,3/3897:20398 0 2,309. 7,;9 00.97489,9. 805,7,9478 14,9,943

    .08 73/3 28 ;,.::2 19078 207 8099078 43 0.,30

    .4:2385,79.080,3,07##9072,,3,07!,942.

    ,-8475943850.974209078&' 850.97420907850974 4.,2.748.4508

    09.147;,74:8,3,9.,,3/7080,7.5:754808

    %0 ,33:, 8,109 ,:/9 41 , 90 4507,93 :398 8 .,770/4:9

    0;07 0,79 904-0.9;041 2574;3904;07,8,109 89,3/,7/8

    ,3/ 3.70,83 90 8,109 ,,703088 ,243 90 0254008 %0:/9

    4229900.438893419073,0507980,/8418,1091742,90

    :398,3/900,/419047547,90$,10970.42203/8147908

    $0/ 3 ;,74:8 .,904708 $,109 4:800053 3;7432039

    307

  • 8/3/2019 A Study on the Ratio Analysis

    15/81

    "&%!

    # 8 .422990/ 94 574;/0 574/:.98 41 .43889039 6:,9 94

    9078,981,.9434190.:8942078974:":,9,3,02039$89028"$2502039,943

    %

    # :808 89,90 41 ,79 90.344 3 233 ,3/ 2307,

    574.0883%07.050703.0,3/574108843,050798041504504

    ,70430,24390-0893903/:897,3/897.9.425,3.08946:,9

    89,3/,7/8,803,-0/#94702,3,8900,/38:5507410,;2307,8 94 90 3,943 ,3/ ,-74,/ # 8 ,,8 -003 /7;03

    334;,943 ,3/ 84:3/ 2,3:1,.9:73 57,.9.08 -0 9 3 574/:.9

    90.34447574.088

    #$'%$

    #,8 1,7 44/ 70.47/ 3 98 5071472,3.0 /:73 90 5,89

    /0.,/0 742 43,7/8 , 4:9 90,2 0114798 ,8 9,03 :5 94,.0;03,205,90.,5,.9147233,3/2307,805,7,9435,3983

    ,9097004.,9438949,8,089:734;078,704105479,3/57419,1907

    9, 89,790/ 2574;0/ - 0,58 ,3/ -4:3/8 ,3/ 90 .425,3 70.47/0/

    3.70,83 57419 83.0 903 3 ,//943 94 574/:.943 ,3/ 13,3.,

    5071472,3.0 # ,8 0.00/ 3 90 ,70,8 41 2,7093 8,109 ,3/

    :2,3 7084:7.082,3,02039 3 70.4394341 90.425,380114798

    8.450 ,,7/0/ 570894:8 8;07 %745 41 $! ,,7/ 147

    0.003.0 ,3/ 4:989,3/3 .4397-:943 94 90 5:-. 80.947

    ,3,02039 850.5 9:73 ,74:3/ 5,9047 147 90 0,7

    :73 90 0,7 # 54890/ , 920 8,08 9:734;07

    0.00/3243905479.425430394;07#82438

  • 8/3/2019 A Study on the Ratio Analysis

    16/81

    443,70908941,,7/870.4394343-#/:7390

    ,899030,78

    !#%#$

    02., ,3/ 0/ 574/:.98 5479 57424943 .4:3.

    ! 850., 5479 ,,7/ 1742 574.0880/ 307, 74:5

    147900,7

    3/,302.,,3:1,.9:7078884.,9430791.,908412079

    147 $ .0791.,943 147 $ .0791.,943 147

    0791.,90 41 2079 1742 :3/07 90 .,9047 41

    -,8. 347,3. ,3/ 47,3. .02.,8 147 4:989,3/3

    5071472,3.0 147 90 0,7 3.:/3 74.02.,

    5,30

    $%#$

    #$,109,,7/843-,;,7,:393307147900,7

    030390. ,,7/8 43 - ,;,7, :39 3307 147 90 0,7

    $,109,,7/1742,943,8,109.4:3.07,,.,590743-

    ,;,7,:39#:3307147900,7

    ,943, 8,109,7/30814790408936:7706:03.

    #,9043-,;,7,:393307147900,7

  • 8/3/2019 A Study on the Ratio Analysis

    17/81

    5,79 1742 ,-4;0 ,943, 0;0 $,109 ,7/8 .425,38

    307, 805,7,943 5,398 3,20 ,;,7, ,8 43 2,3 0;0

    ,,7/8

    %##$

    $;07 %745 41$! ,,7/ 147 0.003.0 ,3/4:989,3/3

    .4397-:943 94 90 5:-. 80.947 ,3,02039 850., %:73

    ,74:3/ .,9047 147 90 0,7 $! 89,3/3

    .4310703.0415:-.390757808

    39075780.003.0,7/1742 3/,33899:90413/:897,330073

    3/ #, -,8, 80/ 147 90 0,7 147 90 -089

    ,24389!$&8:3/0705,79203941942.307

    '$$%%%

    W %4 -0 , 0,/3 8:5507 41 -0,. 8,3/ 2307,8 1742 8, -

    8:553419047//02,3/147-0,.8,3/2307,84;07

    903090,7894:/-0,.0;0/-2,2:2:9,943

    41 0893 .,5,.908 30 .,5,.9 ,//943 .,59:73 2,47

    547943 41 90 3.702039, 749 3 90 4-, %4 100/894.

    /02,3/,3/-/0;0453.425099;0;,:0,//0/7:907.43

    82,390,3/,7309 574/:.98 9,92,0,3/8420.4397-:943

    9470;03:0,3/574198

    W %4-0.420 9057010770/ 7,700,798 574/:.98 8:5507 574/:.07

    ,3/ 47 2,70907 147 /42089. .:8942078 94 038:70 439072

    8:8903,3.0,3/57419,-9417,700,798-:83088,3/94,.0;0

  • 8/3/2019 A Study on the Ratio Analysis

    18/81

    ,/06:,90 011.03. 3 243,90 574.0883 ,8 43 ,8 9 8

    30.088,74790

    $$"$%%%$

    W %4,73088-0,.

    W 8,3/8 3 ,3 03;7432039, ,3/ 84., 7085438-02,3307 147

    011.039 574/:.32307,8 ,3/ 907 97,/943, ,3/ 334;,90

    ;,:0,//0/574/:.984147/.,886:,99,9,70:80/942,0

    3.70,838:50747 34;0 574/:.98 706:70/- .:8942078 W

    %45,,/423,397403/0;0453/42089.7,700,7982,709-574/:.3,3/472,7093906:,9;,:0,//0/574/:.98

    94 70,0 2,2:2 549039, 41 7,70 0,798 3 , 7,30 41

    ,55.,9438

    W %4 -:/ , 574108843, .70,9;0 ,3/ .422990/ 47147.0 ,3/

    3:79:70 ,3 03;7432039 9,9 1489078 0,733 8,73 ,3/

    /0;0452039

    %'$

    W %4 -0.420 3,943, ,3/ 5-, .425099;0 5,07 3 -0,.

    8,3/2307,8

    W %4 2574;0 574/:.9;9 .,5,.9 :9,943 ,3/ .489

    0110.9;03088

    W %42,208,704/078;,:0

    W %4 ,3 94,7/8 897,90. ,.9;908 41 3907089 94 ,3/

    -0.420,8:-8909,8:550741:7,3:2174280.43/,784:7.08

  • 8/3/2019 A Study on the Ratio Analysis

    19/81

    W %4 897;0 147 4592:2 ;,:0 ,//943 974: 4-9,33

    90.344 147 2574;3 39073,943, 2,709 8,70 ,3/ 147

    749390/42089.2,709

    W %4 :3/079,0 - 980147 974: 3/0503/039 05079 ,03.08

    3;089,94339430574/:.98,80,8-0,.8,3/074843,3/

    70,90/5034203,41425,384507,943

    W %40;4;0 ,3/ 2502039 0.41703/ 54.085747,2208 ,3/

    5740.989390#70:,9438

    W %4/0;045 90 :2,3 7084:7.08 41 90 .425,3 - 459239073:2-07.,5,-908,3/6:,94110

    W %489703903#147,.0;390,-4;02039430/4-0.9;08

    W %4 ,.0;0 574/:.943 41 :23,90 ,3/ ,884.,90 2307,8 41

    ,94308-

  • 8/3/2019 A Study on the Ratio Analysis

    20/81

    !#&%$

    !74/:.98 &808

    20390 ,3:1,.9:73 41%5203983909.7:90

    ,3/99,3:28,

    #:90 :081470/300.974/0

    7.43$,3/ 07,2.87017,.9478,3/14:3/708

    7.43 4:7

    %07

    08

    07,2.8,3/14:3/708

    .747

    2.743

    !,.1073.07,2.8

    $2,390 #017,.9478

    ,7309 -7,8;01478,3/-,893,90709.:993,3/

    ,885483

    43,90 #, 2,907, 147 574/:.943 41 #,70 ,79.4254:3/8

  • 8/3/2019 A Study on the Ratio Analysis

    21/81

    !#$%%'#

    !#&%

    !#%

    20390"7,/0

    #8

    !0794330,0/,9478

    20390"7,/0,0/

    #8

    !07943300478,;,7,-,0/

    #:90"7,/0

    #8

    /4

    7.43"7,/0

    #8

    /4

    $2,390"7,/0

    #8

    /4

    7147$208

    #8

    /4

    7147208

    #8

    /4

    74320390

    #8

    /4

    $2,390!4/07

    $208

    #8

    /4

    $2,390!4/07

    208

    #844

    /4

    42089.$,087/07574.0883

  • 8/3/2019 A Study on the Ratio Analysis

    22/81

    &$%#$

    %05720.:894207841902,47574/:.984190.425,3,7090

    1443

    %

    #$#&%%

    %%&%#

    %#'#%%&!#&%$%#&'%!

    1$%%&%#

    $%%%

    #&%

    $%#

    #%&

    $#%#$%#

    #&%%

    ##%#$!'%%-'$%$%

    #

    %#&!%#%7!%&!

    #$!'%%!

    $%##$$%$#%

  • 8/3/2019 A Study on the Ratio Analysis

    23/81

    $%%#$%$

    %&

    !&

    ##

    $%!&

    '#$$#&

    #$%&

    #%$!%&!

    !%

    $%

    %#$!'%%#

    $#1##74#$&%%

    $$%#$#

    %%##%#$!##$$

    $$%%!$%!%

    ###%$#

    $!%$'%

    #%#%$!'!%

    #'$!%$%'!%

  • 8/3/2019 A Study on the Ratio Analysis

    24/81

    &!)'!%

    ##!%$%'!%

    %#&%#%

    #%!#&%$%&

    !#&$%&

    $&$%#$!%%

    %&%&

    %&$%#$&

  • 8/3/2019 A Study on the Ratio Analysis

    25/81

    !#%%%$

    :8308847,3,943,8945071472,3:2-0741,.9;9083

    47/07947:39801%047,3,943,897:.9:7041#,;,7,.438898411190032,47/05,79203989080/05,7920398.420:3/07900,/

    4190,;,7,5,3905,792039,0,/8/70.970547994900,/41

    905,39,./05,792039,894507147290/11070391:3.9438

    %0 01 0307, ,3,07 8 90 945 411., 3 90

    ,3,0203941#,;,7,#,8805,7,90/05,7920390,/147

    0,. /05,792039 %0 $0347,3,078 ,3/ 05:9 ,3,078 8:55479

    24894190/05,792039,0,/8

    %0;,74:81:3.943,/05,792039841#

    W!74/:.94305,792039

    W#05,792039

    W,70938,0805,792039

    W3,3.005,792039

    W!:7.,8005,792039

    W3305,792039

    W0/.,05,792039

    W$9470885,9.05,792039

    W!70.9,3903,3.005,792039

    W":,905,792039

    W$,1093;743203905,792039

  • 8/3/2019 A Study on the Ratio Analysis

    26/81

    W;05,792039

    W$0.:7905,792039

    W#080,7.0;045203905,792039

    W39073,:/905,792039

    !#&%!#%%

    %0 ,.9 41 2,3 44/8 ,3/ 807;.08 8 .,0/ 574/:.943 3

    0;07/, 8500. 574/:.943 701078 94 90 ,.9 41 .70,93842093

    3;4;089058.,.43;07843417,2,907,83949,3-044/8

    3#7,8,3/8.40.90/974:233574.088%08,3/8

    19070/974:857,8.4308,3/894574/:.0,-:.43.0397,94341

    0,;/738.7003300.9742,309.,3/00.97489,9.574.08808,3/

    :80/147805,7,943

    307,8 14:3/ 3.4,89, ,70,8 ,70 .40.90/ 09072,3:, 47

    20.,3.,20,38574/:.943889,798174290233574.088

  • 8/3/2019 A Study on the Ratio Analysis

    27/81

    !#&%!%'#!%

    20390

    94308

    #:90

    94308

    7.43

    94308

    0:.4030

    94308

    43,90

    94308

    $2,390

    94308

    7.4314:7

    94308

    %

    ,3 :80/ 3 90 2,3:1,.9:70 41 %9,3:2 /4/0 , 90

    52039 - 8:5,90 574.088 ,84 :80/ 3 90 574/:.943 41 $3909.

    #:90,3/14790574/:.943410774%9,3:2574/:.98

    #&%

    #:90 :80/ 147 .4,93 41 0/3 00.974/08 ,3/ ,84 147 90

    574/:.94341%9,3:2/4/052039-90.47/0574.088,3/147

    90574/:.94347%9,3:2%097,47/014790574/:.94341%9,3:2

    209,,3/85430

    $%

    $2,390 2,3 :80/ 3 90 2,3:1,.9:7041 902507,9:70

    7010.94798,84:80/3.07,2.3/:897

  • 8/3/2019 A Study on the Ratio Analysis

    28/81

    #

    7.438:80/314:3/708.07,2.8,3/701,.94798,84:80/

    3902,3:1,.9:70417.43:2.02.,8209,8,4809.

    #

    7.4314:78:80/314:3/708147902507,9:70.,8938

    "%

    43,90 8:80/ 147 90 574/:.943 41%47:2 ,3/ 7,70 0,798

    -,80574/:.98

  • 8/3/2019 A Study on the Ratio Analysis

    29/81

    #%#%#%!#&%

    !#%%

    !#&%

    $!74/:.943 $$

    $193.,70 $!74.08843974

    $19330078

    !74/:.943059!07843,

    $!#%%

    #,;,7,9,085,.098249;,90/,3/97,30/:2,3

    7084:7.09,9,82,39,30/985071472,3.0,3/907-98749,3/

    5741947,041 900254008 702,3 1,.9,93 8244947341

    90 .425,3 $ 706:702039 70,90/ 94 /1107039 /8.5308 ,70

    /03910/ ,3/ 97,33 5747,28 ,3/ 478458 ,70 011.039 41 90

    :2,37084:7.0

    #%#%#%#!#%%

    &390,/

    0307,,3,07#

    05:9,3,07 $0347,3,07 05:9/2311.07

    $0.9430,/%7,33 0/., $0347889%2011.07

    $:-47/3,90$9,1107.,$9,11

  • 8/3/2019 A Study on the Ratio Analysis

    30/81

    #%$$!#%%

    ,70938,84.,,3/2,3,07,574.088-.90574/:.9

    ,3/ 807;.08 70,. 94 90 :92,90 .438:207 3/;/:,8 ,3/ 74:584-9,3 ,9 90 300/ ,3/ ,39 974: .70,93 ,3/ 0.,33

    574/:.98,3/;,:0894907854. /0.843857.3/0.8438

    ,7093 /0.8438 09. ,70 9,03 ,9 90 .47547,90 411.0 ,9 :2-,

    %070 8 4;0780,8 ,709 ,3/ /42089. 2,709 147 90 574/:.943 41

    #%04;0780,847/078,70/70.95,.0/9:2-,411.0%0

    .:8942078 572,7 5, 1: ,24:398 43 3 ,/;,3.0 ,3/ 903 90

    .425,3;0890574/:.9

    # ,8 90243454 3 90 10/ 41 7,70 0,79 574/:.98 #

    % ,;,7, 8 03,0/ 3 90 574/:.943 41 2307,8 8:. ,8

    &% #&% # $% ,3/ #

    &% 1742 3,9:7, ,;,,-0 -0,. 8,3/574/:.98 %0 -0

    574/:.98 41 # ,70 # ,3/ % %0 ,70 2,3

    5:7.,80 - 90 :3/7, .07,2.8 147 2,3:1,.9:73 41 .07,2.8 %0

    2,3 .:8942078 41 # ,70 904;0732039 41 3/, ,3/490757;,90

    .425,3%02,314703.:8942078,70&$7,3.0089072,3

    ,5,309.

    #%#%#%#%%

    !#%%

    &390,/

    ,7093

    $0.9430,/

    ,7093!0784330

  • 8/3/2019 A Study on the Ratio Analysis

    31/81

    !#%%

    3,3.0701078942,3.,847,3/8,;,,-0147904507,94341

    -:830883,3.02,-0/0130/,890706:702039411:3/8300/0/98901044/,3/ 90307;0.0390741 -:83088,.9;9083,3.08

    ;07088039,14790824491:3.943341-:830889,8-00379

    90720/,8:3;078,:-7.,39.005890039075780/3,2.

    ..47/3947,/03,3.,2,3,02039890,70,41

    -:83088 29 /0;490/ 94 , :/.4:8 :80 41 .,59, ,3/ , .,701:

    800.9434184:7.0841.,59,347/079403,-0,-:830881729424;0

    390/70.9434170,.3984,8

    %'$%

    W,39,3341,/06:,906:/,88098

    W,2,9434157419

    W,2,943410,9

    &%$%

    W892,9434113,3.,706:70203941172

    W$00.9434179,3/,557457,9084:7.08417,831:3/8

    W1907800.93907984:7.087,80901:3/8706:70/-90172

    W110.9;0473.,59,2,3,0203994038:70824497:33341

    -:83088

    W%013,3.,2,3,02039,84038:7081:134-,943841

    -:83088

  • 8/3/2019 A Study on the Ratio Analysis

    32/81

    %0 13,3.0/05,792039 890 .470 41 90#,;,7,;07

    1:3.94334190#82,/0-9013,3.0/05,792039

    #%#%#%

    !#%%

    13,3.0

    $0.9430,/3,3.0

    3,3.0059!0784330

    &%$!#%%

    W%409,70.0598,3/2,0,5,20398

    W%470.47/,9097,38,.9438,3/5705,709013,/4.:2039

    W!705,7,94341-,,3.08009,3/57419488,..4:39

    W,.:,93,-47,3/4;070,/.489414507,9438,3/574/:.98

    W43947390,9903/,3.070.47/41900254008147.,.:,93

    -43:8,3/,4,3.08

    !705,7,94341.,81489,9020398948490,.9:,.,870.0598,3/

    5,20394190.425,3

    W#,;,7,13,3.0/05,792039/05,792039.4;0782,47,70,41

    47,3/574.088,81448

    ,8-44

    ,3-44

  • 8/3/2019 A Study on the Ratio Analysis

    33/81

    !:7.,80,..4:393

    $94708,..4:393

    $,08,..4:393

    4:73,;4:.078

    5,203994.4397,.9478,3/8:55078,,3894747/073.:8;041

    ,/;,3.0701:3/41$#09039432430,3/709:73-,.41

    5,203989%$0110.9

    #4,95,20398,3/8:-2884341,33:,709:738

    89,-82039,..4:3983.:/3!7,9:90,;003.,82039

    20/.,-8,3/503843

    4893

    :/09370;03:0,3/.,59,

    0/88098

    3,..4:398$#4:930

    $4374:9307054798

    '%2439709:73,3/,8808820398

    !$!#%%

    %4,8889,3/1,.90890574/:.943574.0883905,398,0

    47,30/ 5:7.,80 /05,792039 . 5:7.,808 90 706:890 7,

    2,907,8706:70/147901:3.9433410;07/05,792039%05:7.,80

    /05,792039 06:520398 0 903843 805,7,9478 2,309.

  • 8/3/2019 A Study on the Ratio Analysis

    34/81

    805,7,9478 09. 147 549039, 8:5508 907 2,47 1:3.9438 41 90

    5:7.,80/05,792039,70

    W%48.7:930/05,792039,#06:8943

    W%4/0907230084:7.0418:55

    W%488:0036:70841903/078

    W%470.0;06:49,9438

    W %4 9,-:,906:49,9438 ,3/ 147,7/ 9 94 903/078 70.0;0-,.9

    70.42203/,94389488:05:7.,8047/07474747/07

    %4,8889;03/470;,:,943

    W%4005314720/90/05,792039.43.0730/,-4:90,/920,3/920

    ,3/43:8:,8:5589:,943

    #%#%#%!$

    !#%%

    &390,/

    535,80

    !:7.,80!0784330

    $!:7.,80

  • 8/3/2019 A Study on the Ratio Analysis

    35/81

    #$#'!%!#%%

    %0.425,3,8,006:550/#080,7.,3/0;0452039

    1,.908 948:55479 14 8009/0;0452039478,3/14784:9438 94574.08870,90/574-028%0,-47,947806:550/9,-24/0841

    2,309. 805,7,947 %03843$05,7,947809 8,3 %,-08 ,3/

    74949,9436:5203909.

    #%#%#%#!!#%%

    #

    $0.9430,/

    #059

    &%$

    0574/:.9/0;0452039

    0.4254:3//0;0452039

    $00.943;,:,94341,9073,9;02094/

    %08934130574/:.98

    %4,3,88,3/,88895,3983574-02884;3

    38:706:,941#,2,907,8,3/1380/574/:.98

    ,39,3":,9

    #080,7.0;0452039,9902598

  • 8/3/2019 A Study on the Ratio Analysis

    36/81

    %0 /05,792039 ,8 02039430/ 6:,9 4-0.9;08 ,3/0

    57,.9.0/ 6:,9 ,88:7,3.0 6:,9 2574;02039 5747,2 %0

    /05,792039 :808 2307,4., 90893 2094/8 147 2,39,33

    .4388903. 36:,9 41 7,2,907,8 1380/ 574/:.98 ,3/47 3

    5747088%0.0.3412,907,86:,98/43043,-,9.-,88

    %#&%!#%%

    010307,,3,078/70.9443,1907901:3.943341

    39073,,:/9/05,792039,3,07#8900,/41 90/05,792039

    %070 ,70 39073, ,:/9 411.078 ,3/ ,/23897,9;0 411.078 4907 9,3

    ,..4:39,398,3/.078473398/05,792039

    39073,:/9/05,792039834970:,7/05,79203932,34190

    .425,308:93 #98/05,792039 84/3850.,57;0041

    ,:/93 394 0;07 ,..4:393 2,99078 41 # 9 8 1:3.9433 3

    ,..47/,3.09 13,3.0/05,7920399 1:3.9438 94 09 ,:/9,5574;,

    174239073,,:/9/05,7920391479013,,94341,393.43.0730/

    94,..4:398%0.425,3298,5574;313,3.,89,9020398,3/,4907,..4:39839070.42203/,9434198/05,792039

    #%#%#%%#&%

    !#%%

    0307,,3,07

    05:93,3.0 3,3.011.07

    11.07

    .07

  • 8/3/2019 A Study on the Ratio Analysis

    37/81

    &%$%#&%!#%%

    W:/93,9013,3.,97,38,.9434190.425,3

    W%,3.4770.9;020,8:7089470.91,:/94-0.9438

    W,3705479894.010307,2,3,07,3/-4,7/41/70.9478

    W%45,79.5,903901:3.943341894705:7.,80.4229900

    WW,08:709,90;07/00/84113,3.0/05,79203983,..47/,3.0

    990,..4:39354.084190.425,3

    W %4 .0. 90 0, ;,/9 41 90 13,3., 2,99078 41 5740.98

    .42290/-#

    90700;,3954.084190.425,3,70,890-,8.54.08

    147 98 /05,792039 39073, ,:/9 /05,792039 ,:/98 90 ,..4:398

    6:,7907,3/803/8705479894.010307,2,3,0770:,7

  • 8/3/2019 A Study on the Ratio Analysis

    38/81

    701,-4:9#,948

    3,3., 89,9020398 ,70 90 2,3 /4.:20398 89,93 13,3.,

    5071472,3.0 41 90 .425,3 147 90 5,89 0,7 :7907 90 13,3.,89,9020398 807;08 ,8 90 3897:20398 147 ,3,3,3/ 390757093 90

    13,3.,,850.984190.425,3300,9074:98/07479038/0741

    90 .425,3 .,3 :/0 90 5071472,3.0 41 90 .425,3 974:

    13,3.,89,9020398

    #,94 ,3,88 8430 41 90 545:,7 9448 41 13,3., 89,902039

    ,3,883825047/8,7,948/0130/,8903/.,90/6:4903941

    942,902,9.,057088438,3/,89070,94385-090039447

    247093813,3.,7,948/0130/,8,70,94385-0900394

    ;,7,-089,03174213,3.,89,902039841,.43.073

    #,948 058 94 :3/0789,3/ ,-4:9 0,. ,3/ 0;07 ,850.98 41 90

    .425,33/.,90/398;070,8$47,94,3,88,70970,90/,8430

    4190;0725479,399504113,3.,3897:2039#,948,70/0:80/

    3894.0.,3080$$09.545:,7

    ,881.,94341#,948

    390-,88413,3.,$9,9020398

    !7419,3/4887,948

    ,,3.080097,948

    390789,9020397,94820/7,948

  • 8/3/2019 A Study on the Ratio Analysis

    39/81

    390-,884192094.907,948.425:90/-043

    $97:.9:7,7,948

    %703/7,948

    !72,7#,948

    ;07 .42207., .43.073 .438/0757419 ,8 985720 4-0.9;0

    ,3/90701470,37,949,970,908948:.4-0.9;08970,90/,8572,7

    7,94%87,943.:/08

    #09:7343.,59,,3/

    74882,73948,08

    $0.43/,7#,948

    %07,94849079,3572,77,948,70343,880.43/,77,948

    $:. 7,948 ,70 970,90/ ,8 8:554793 7,948 94 90 572,7 7,948 %0

    7,948.4;070/-98.,9047,70

    %:734;077,948

    5038087,948

    ,73385078,70

    6:/97,948

    0;07,07,948

    !7419,-97,948

    .9;97,948

  • 8/3/2019 A Study on the Ratio Analysis

    40/81

    6:/9#,948%0890/41$479%072$4;03.

    %06:/97,948 3/.,90906:/9 54894341 ,.425,3

    %0 3 1,.9 20,8:70 90 ,-9 41 , .425,3 94 2009 98 .:77039,-908 ,8 90 1, /:0 1 90 .425,3 /408 349 ,;0 8:11.039

    .:77039,88098 3 70,943 94 98 .:77039 ,-908 929-0:3,-0 94

    2009 98.422920398 ,3/-0 147.0/ 394 6:/,943%:87,948 9,9

    .425,70 90 70,94385 -09003 ;,74:874:5841.:77039 ,88098 ,3/

    .:77039 ,-908,70.425:90/9420,8:70906:/9 54894341 90

    .425,3 $:. 7,948 05 3 ,8.079,33 90 0110.9;03088 41 90

    473.,59,2,3,02039%01443,709025479,39 6:/97,948

    :77039#,94

    :770397,9484304190419035705,70/,3/:80/9508417,94

    %87,943/.,90890.425,38,-994200998.:770394-,9438

    990.:770397084:7.08

    :77039#,94 :7703988098

    :77039,-908

    :77039 ,88098 3.:/0 .,8 -,3 -,,3.0 894. 473

    5747088 97,/0 /0-9478 8479 9072 4,38 ,3/ ,/;,3.08 ,3/ ,..4:398

    70.0;,-03904907,3/.:77039,-9083.:/0,..4:3985,,-0

    8:3/7.70/9478 ,..7:0/ 3.420 9,085745480//;/03/-477438

    174213,3.,3899:9438,3/4:989,3/3050380809.%00790

    7,94 90-09907 9.,32009.:770394-,9438:9 ,9 90 8,20920,

    07 .:77039 7,94 4:/ 20,3 9,9 90 .425,3 29 ,;0 ,3

    0.088;03;0892039 3.:77039,88098 9,9/4349574/:.0,831.,39

    709:73 3 90 4907 ,3/ , 4 .:77039 7,94 4:/ 3/.,90 9,9

  • 8/3/2019 A Study on the Ratio Analysis

    41/81

    8:11.039 .,8 8 349 ,;,,-0 94 5, .:77039 ,-908 1706:039

    :80/:/030940;,:,9090,/06:,.4190.:770397,948

    %,-0

    :77039#,94

    0,7

    :7703988098

    :77039

    ,-908

    #,94

  • 8/3/2019 A Study on the Ratio Analysis

    42/81

    ,79

    :77039#,94

    39075709,94341.:770397,94

    %0 3.70,80 3 90 .:77039 7,94 848 9,9 9070 ,8 -0032574;02039 3 90 6:/9 548943 41 90 172 %0 .:77039 7,94

    20,8:708 43 90 6:,399 41 90 .:77039 ,8809 ,3/ 349 90 6:,9 41

    .:77039,88098 $003 90 .:770397,94147 90 ,89 0,780.,3 8,

    9,990.425,38,-9942009.:770394-,94388,981,.947

    f

  • 8/3/2019 A Study on the Ratio Analysis

    43/81

    ./%089#,946:/#,94

    ./90897,94574;/08,30;032470.79.,44,990,-941

    90.425,394200998/,94/,4-,9438983108,;07847990726:/941,-:83088.43.073,3/9890701470,84.,0/6:/

    7,94 6:/ 88098 3.:/08 .,8 ,3/ ,3 ,,3.08 ,709,-0

    80.:7908 %02547,7 3;08920398 ,3/ 8 70.0;,-0 6:/

    ,-908 0.:/08 90 -477438 1742 13,3., 3899:9438 ,3/

    4:989,3/305038081742.:77039,-908

    ./%089#,94 6:/88098

    6:/,-908

    3,./90897,944188.438/070//0,,3/8,981,.947%44

    4,7,948:0898349433,-9949,0,/;,39,041.,8/8.4:398

    ,3/4907 70,7/81475742595,2039 8:.,8 407 39070897,908 43

    -477438 :7907 , .425,3 9 , 4 7,94 2, -0 147.0/ 94

    4-9,3 ,847990724,35:83907089.,70847250203984204907

    20,8:708 944-9,3 90 706:70/ .,8 3 904907 ,3/,3 0.088;0

    ,24:39 41 6:. ,88098 .4:/ 3/.,90 9,9 9080 ,88098 84:/ -0 5:9

    2470574/:.9;04757419,-0:80080070390039075780

  • 8/3/2019 A Study on the Ratio Analysis

    44/81

    %,-0

    ./%089#,94":.#,94

    0,7

    :7703988098

    :77039

    ,-908

    #,94

  • 8/3/2019 A Study on the Ratio Analysis

    45/81

    ,79

    ./%089#,94

    39075709,94341./%089#,94

    8 90 ./%089 7,94 848 90 .425,38 ,-9 94 2009 90

    6:/,-908084799072-4774384:989,3/3050380809.90

    .425,3 8,;3,44/.42203/,-0 0;0 3 9072841 6:/ 7,94

    %070 ,8 -003 , 780 3 90 3 90 6:. ,88098 848 90 13,3.,

    897039 41 90 .425,3 -:9 9 .,3 -0:80/ 147 2470574/:.9;0 ,70,8

    49079,300539/0

    .9;9#,948

    .9;97,94820,8:7090 011.03. 8,1723 02543 90

    ,;,,-0 7084:7.08 $:. 7,948 7010.9 90 /0700 41 0110.9;03088 41

    1:3/:9,943 3 90 -:83088 ,.9;908.9;9 7,948 ,70 545:,7

    f

  • 8/3/2019 A Study on the Ratio Analysis

    46/81

    343 ,8 %:734;07 #,948 -0.,:80 90 9 90 ,-9 41

    2,3,02039 94 .43;079 47 9:73 4;07 90 ,88098 41 90 172 394 8,08

    %080 7,948 2,0 , .425,7,9;0 89:/ 41 90 0;0 41 8,08 ,3/ 90

    3;0892039 3 ;,74:8 ,88098 ,..4:398 8,75 780 3 98 7,94 2,

    3/.,909,990.425,3805,3/39446:.,3/8,438,08

    943.70,8024707,5/9,390:3/073,8809-,80,89:,94341903

    7010770/ 94 ,8 4;07 97,/3 43;0780 , 70/:.943 3 90 7,94 .,3

    3/.,90 , /0.30 3 011.03. 47 , 1, 3 /02,3/ 147 90 1728

    574/:.98%025479,39,.9;97,948,70-04

    0/88098%:734;07#,94

    %49,88098%:734;07#,94

    3;03947%:734;07#,94

    ;07,040.943#,94

    0/88098%:734;07#,94

    %07,9420,8:70890011.03.390:9,9434110/,88098

    %08,08.,.:,90/-74888,0823:80.80/:9%07,9441

    8,089410/,8809820,8:708909:734;0741905,39,3/80570880/

    ,8:3/07

    0/88098%:734;07 %:734;07

    090/88098

  • 8/3/2019 A Study on the Ratio Analysis

    47/81

    %,-0

    0/88098%:734;07#,94

    0,7

    %:734;07

    090/88098 #,94

  • 8/3/2019 A Study on the Ratio Analysis

    48/81

    ,79

    0/88098%:734;07#,94

    39075709,94341./%089#,94

    %010/,88099:734;077,94848,44/0;041:9,94341

    .425,3810/,88098147905,89100,78%88,33/.,94341

    ;4:20414:95:9 ,3/2470 3.70,83/02,3/14790.425,38

    574/:.994090798489,990.425,383,54894394:90

    9810/,8809805,392,.307-:/3809.0110.9;040;07

    390,890,79848,/0.30

    %49,88098%:734;07#,94

    %87,9420,8:708904;07,5071472,3.0,3/,.9;94190

    -:8308847,3,943$48901728,-9940307,908,081742,

    13,3.,7084:7.08.422990/94949,,88098

    f

  • 8/3/2019 A Study on the Ratio Analysis

    49/81

    %49,88098%:734;07 %:734;07

    %49,88098

    %,-0

    0/88098%:734;07#,94

    0,7

    %:734;07

    %49,88098 #,94

  • 8/3/2019 A Study on the Ratio Analysis

    50/81

    %,-0

    %49,88098%:734;07#,94

    39075709,94341%49,8809%:734;07#,94

    %0 %49, ,88098 9:734;07 7,94 8 349 843 , 8,981,.947

    5071472,3.039094:91044,99039,,890,78

    9848,44/5071472,3.0-9010/,880988987,94.4;07890

    03970,880984190.425,384202574;02039384205,79.:,7,8809

    03,3.090;,:041904907,3/;.0;078,

    f

  • 8/3/2019 A Study on the Ratio Analysis

    51/81

    3;03947%:734;07#,94

    %87,943/.,90890011.03.41901723574/:.3,3/

    80398574/:.98

    3;039479:734;07 4894144/884/

    ;07,03;03947

    %0 ,;07,0 3;03947 8 90 45033 ,3/ .483 -,,3.08 41

    894./;/0/-45033894..483894.%0.4894144/8

    84/874888,0823:857419-014709,

    %,-0

    3;03947%:734;07#,94

    0,7

    4894144/8

    84/

    ;07,0

    3;03947

    #,94

  • 8/3/2019 A Study on the Ratio Analysis

    52/81

    ,79

    3;03947%:734;07#,94

    39075709,94341%49,8809%:734;07#,94

    %0 3;03947 9:734;07 7,94 848 /1107039 708:98 147 0;07

    0,78;0319848,33.70,839703/90/0.3030,78

    .,3349-0//030307,9:734;077,94848,44/3;03947

    9:734;07:934;07,907,94848,708:935071472,3.0

    0-9478%:734;07#,94

    0-94789:734;073/.,90903:2-07419208/0-94789:734;07

    0,.0,70307,900790;,:041/0-94789:734;07902470

    011.0398902,3,0203941.70/9

    0-94789:734;07 70/98,08

    ;07,00-9478

    f

  • 8/3/2019 A Study on the Ratio Analysis

    53/81

    %44:98/0,3,8931472,943,-4:9.70/98,08,3/45033,3/

    .483 -,,3.0 41 /0-9478 2, 349 -0 ,;,,-0 %0701470 /0-9478

    9:734;07.,3-0.,.:,90/-9,30,703/-,,3.041/0-9478

    %,-0

    0-9478%:734;07#,94

    0,7

    70/98,08

    ;07,0/0-9478 #,94

  • 8/3/2019 A Study on the Ratio Analysis

    54/81

    ,79

    0-9478%:734;07#,94

    39075709,9430-9478%:734;07#,94

    %0 /0-9478 9:734;07 7,94 3/.,908 90 3:2-07 41 9208 90

    /0-94789:734;07 7,94/:73,0,7:9,570.,:9438300/0/0

    390757093 , ;07 /0-9478 7,94 -0.,:80 , ;07 7,94 2,

    25,17283,-9/:094,.417084:7.08948043.70/99070-

    4838,08,3/574198

    ;07,040.9435074/

    %0,;07,03:2-0741/,8147./0-9478702,34:989,3/3

    8 .,0/ 90 ;07,0 40.943 !074/ ! 070 90 7,94 8

    .,.:,90/-2:953 90/0-947893441/,83,3 0,7

    ,3/903/;/39-90949,9:734;07

    f

  • 8/3/2019 A Study on the Ratio Analysis

    55/81

    ! 0-9478

    0-49789:734;07 %:734;07

    %,-0

    ;07,040.943!074/3/,8

    0,7

    0-9478

    09$,08 #,94

  • 8/3/2019 A Study on the Ratio Analysis

    56/81

    ,79

    ;07,040.943!074/3/,8

    39075709,94341;07,040.943!074/

    %8 848 90 5074/ 147. 90 /0-947841 90 172 702,3

    4:989,3/3,190790172,82,/08,089498.:8942078%07,9433

    90 0,7 848 , 1,7 97,38,.943 9 90 /0-9478 :9 9 8

    0993 3.70,80/ 147 90 .423 0,78 ,3/ 8://03 /0.70,80/ %8

    8489,990-07,.70/954.4190.425,38-0328:80/-

    90 /0-9478 40;07! .,.:,90/,9 /110703954398419208

    ;,7 43 ,..4:39 41 ;,73 8,08 7,90 ,94: 90702, 349 -0 ,3

    .,30390.40.9437,90

    f

  • 8/3/2019 A Study on the Ratio Analysis

    57/81

    473,59,%:734;07#,94

    1722,09470,90309.:77039,8809847309473.,59,

    94 8,08 %8 7,94 848 90 70,94385 -09003 8,08 ,3/ .:77039,88098147,5,79.:,75074/41920%:892,-0.425:90/,8

    473.,59,9:734;07 %:734;07

    09.:77039,88098

    %,-0

    473.,59,9:734;077,94

    0,7

    0-9478

    09$,08 #,94

  • 8/3/2019 A Study on the Ratio Analysis

    58/81

    ,79473,59,%:734;07#,94

    39075709,94341473,59,%:734;07#,94

    %0 9703/ 843 1:.9:,9438 9 ,55030/ 4:9 41 8,08

    1:.9:,9438900,78!,79.:,7 3 90,89 940,78907,94848

    38:11.03984:7.0841473.,59,14790 .425,3%0 70.574.,

    41987,944:/90,24:3941309.:77039,8809300/0/1470307,934307:500418,083/90,5-02091742-,3-477438,3/

    490784:7.08411:3/8

    0;07,0#,948%08984143%072$4;03.

    0;07,0 8 ,3 3/.,943 41 90 :80 , .425,3 2,08 41 90

    -47740/1:3/8943.70,8090709:73434307806:90;07,07,948

    20,8:70 90 .4397-:943 41 13,3.0 - 43078 .425,70/9 13,3.0574;/0/-901728.70/94788906:/9908920,8:70890,-9

    41,172 942009 98.:7703913,3.,4-,9438 900;07,07,948,

    90894184;03.,99025989424394790,-941,172945,,94198

    f

  • 8/3/2019 A Study on the Ratio Analysis

    59/81

    /0-98.:77039 ,8011 ,8 343.:77039 ,8 90 -0.420 /:0 %0 .,59,

    897:.9:7041,24890;07.425,3.43889841942,47.425430398

    6:9 ,59,

    .,5

    9, 9,9 -043 94 43078 3;089478 0-9

    .,59,,24:399,9-043894.70/9478

    %0574547943 41/0-9 .,59, 94 20 949, .,59, 41 90 172 8

    :8:,7010770/94,80;07,04797,/3439006:9%01:3/,2039,

    0.4342. 573.50 :3/073 0;07,0 8 9,9 030;07 1:3/8 ,70

    -47740/,9,4077,904139070899,390-477407.,30,7343 9480

    1:3/8 90 7,90 41 709:73 41 43078 06:9 8 3.70,80/ 4;07 ,9 9

    4907804:/,;0-003,/90-47740/1:3/8-003574;/0/-90

    43078477439440,;40;07 .,3 3;90 13,3.,/11.:9

    572,7 -0.,:80 3907089 5,20398 ,3/ 573.5, 705,20398 ,70

    .4397,.9:,4-,94389,92:89-043470/%0,-9944-9,3,7/94

    705, ) 439072 /0-9 41903 /0503/8 41 90 1728 ,-9 94 4-9,3

    .,59, 1742 8,704/078 %0701470 90 70,94385 -09003

    8,704/0706:9,3/.70/947806:980;,:,90/%00;07,07,948

    .42243:80/,70

    39070894;07,0#,94

    .425,3 8.438/070/ 84;039 1 98 70;03:0 82470 9,3 98

    3907089,3/900503808.425,39,98,-0942009903907089,3/

    4907050380888,/94-0841;039,38998-,.74:3/4304190

    ,5574,.08 94 9089 84;03. 41 90 039075780 83907089 .4;07,0 7,94

    %8 7,94 20,8:708 4 2,3 9208 , .425,3 .4:/ 5, 3907089

    0503808.,70.,.:,90/-/;/339070890503808-0,7338

    ,;,,-01475,20394198-,.74:3/4304190,5574,.08949089

    84;03.419003907578083907089.4;07,07,94%87,9420,8:708

  • 8/3/2019 A Study on the Ratio Analysis

    60/81

    4 2,3 9208 , .425,3 .4:/ 5, ,3 3907089 050380 . 8

    .,.:,90/ - /;/3 3907089 0503808 394 0,7338 ,;,,-0 147

    5,20394139070890503808

    3907089.4;07,0#,94 ,7338-014703907089,3/%,

    0/3907089,708

    %,-0

    3907089.4;07,07,94

    0,7

    ,7338-0147039070899,

    3907089.,708 #,94

  • 8/3/2019 A Study on the Ratio Analysis

    61/81

    ,79

    3907089.4;07,07,94

    39075709,9434139070894;07,0#,94

    %0 9703/ 843 1:.9:,9438 9 ,55030/ 4:9 41 ,7338

    -014703907089%,1:.9:,94384;07900,78%07,948489,990

    011.03. 41 90 .425,3 94,7/8 90 5,2039 41 3907089 ,3/ 4907

    050380883498,981,.947:790798489,91:3/870,/,;,,-0

    14739070895,2039070349,/06:,90

    !7419,-9;#,948

    !7419 8 90 /110703.0 -09003 70;03:08 ,3/ 0503808 4;07 ,

    5074/ 41 920 :8:, 430 0,7 !7419 8 90 :92,90 4:95:9 41 ,

    .425,3,3/90.425,3-03974:-031:9:70191,8942,0

    8:11.039 574198%0701470 9013,3.,2,3,07 84:/ .4393:4:8

    0;,:,90 90 011.03. 41 90 .425,3 3 9072 41 574198 %0

    f

  • 8/3/2019 A Study on the Ratio Analysis

    62/81

    57419,-97,948,70.,.:,90/9420,8:70904507,93011.03.41

    90.425,308/082,3,020394190.425,3.70/9478,3/43078

    ,70,8439070890/39057419,-9419017270/9478,399409,

    706:70/7,9041709:73439073;0892039%885488-0430390

    .425,3 0,738 034: 574198 0307, 94 2,47 9508 41

    57419,-97,948,70.,.:,90/

    !7419,-9370,943943;0892039

    !7419,-9370,943948,08

    0307,.,.:,90/7,948,70

    7488!7419,73#,94

    %8 7,94 3/.,908 90 70,94385 -09003 7488 57419 ,3/

    8,089 7010.98 40.4894144/8 84/ ,2,47 050380 9028

    -03.439740/984890574192,/0438,08-014709,3,..4:39

    41 4;070,/8 %:8 90 7488 57419 2,73 98 90 574/:.943

    011.03. 41 , .43.073 9 8 ,,8 57010770/ 94 057088 98 7,94 39072841507.039,0

    7488!7419,73#,94$,084894144/8$4/

    %:734;07

    7488507,93!7419

    %:734;07

    7488574192,737,948,83414/2,3,02039

    74882,737,942,3.70,80/:094,3419014431,.9478

  • 8/3/2019 A Study on the Ratio Analysis

    63/81

    078,0857.08.4894144/884/702,33.4389,39

    407.4894144/884/8,0857.08702,33.4389,39

    .42-3,94341;,7,943838,0857.08,3/.4898902,73

    /033,3/

    33.70,803 90574547943,90;4:2041 072,73 9028

    %0 ,3,88 41 9080 1,.9478 70;0, 94 90 2,3,02039 4 ,

    /0570880/7488574192,73.,3-02574;0/

    %,-0

    7488574192,737,94

    0,7

    !7419,19079,

    %:734;07 #,94

  • 8/3/2019 A Study on the Ratio Analysis

    64/81

    ,79

    7488574192,737,94

    39075709,9434109!7419,73#,94

    %0 9703/ 70;0,8 90 1728 .,5,.9 94 989,3/ ,/;0780

    0.4342..43/9438%0172.,38:7;;03901,.0411,3803

    57.08 ,3/ 0;03 3 /0,3 /02,3/ %0 172 8 ,-0 94 ,.0;0

    8,981,.947709:73438,704/0781:3/839039,0,78:9039

    .42089490,890,7988003,/0.339703/39057419,-99

    2, -0 /:0 94 .489 41 574/:.943 ,3/ 90 2,3,020398

    7085438-994,7/8/110703949070503808,84

    #09:73436:9#,94#(

    42243 47 47/3,7 8,704/078 ,70 03990/ 94 90 708/:,

    574198%07,9041/;/03/834910/900,73382,-0/897-:90/

    948,704/07847709,30/390-:830880;079008890309574198

    ,1907 9, 705708039 907 709:73 709:73 43 8,704/078 06:9 8

    .,.:,90/ 94 800 90 57419,-9 41 43078 3;0892039 %0

    f

  • 8/3/2019 A Study on the Ratio Analysis

    65/81

    8,704/078 06:9 47 309 479 3.:/08 5,/:5 8,70 .,59, 8,70

    5702:2,3/70807;08,3/8:75:8088,..:2:,904880809479.,3

    ,84-014:3/-8:-97,.93949,,-9081742949,,88098

    # !7419,1907%,08

    6:9

    %,-0#09:73436:9#,94

    0,7

    !74191907%,

    6:9

    #,94

  • 8/3/2019 A Study on the Ratio Analysis

    66/81

  • 8/3/2019 A Study on the Ratio Analysis

    67/81

    ,79

    #09:73436:9#,94

    39075709,94341#09:73436:9#

    %8 7,94 8 2,3 :80/ - 90 3;089478 -01470 2,3

    3;0892039 3 90 5,79.:,7 .425,3 %8 7,94 848 90 /;/03/

    54.084190.425,3070174290,-4;09,-0,3/.,7998.0,7

    9,90;03190709:734306:9,8-00370/:.0/94,309039147905,89

    94 0,7890.425,3 80307,574;/344/709:7394908,70

    4/0781742905,891:708

    ,733!07$,70#,94!$

    %8 8 ,0 343,3/ /0 :80/ 3/.,947 41 57419,-9

    -0.,:809.,30,8.425,709490570;4:8!$1:70,3/9490!$

    1:70 41 4907 .425,308 %0 0,7338 507 8,70 705708039 ,;07,0

    f

  • 8/3/2019 A Study on the Ratio Analysis

    68/81

    ,24:39413093.4200,730/-830 06:98,70%8 8.,.:,90/

    ,8

    ,7335078,70!$ !7419,1907%,!7010703.0;/03/

    44106:98,70

    %,-0

    ,733!07$,70#,94

    0,7

    !74191907%,

    441$,708

    #,94

    ,79

    ,733!07$,70#,94

  • 8/3/2019 A Study on the Ratio Analysis

    69/81

    39075709,94341,733!07$,70#,94!$

    %00,7335077,948489,9900,733841908,704/078

    ,700993/0.70,80/14790,8913,3.,0,70,1907:9

    904907570;4:80,787,94;08,700383,94908,704/07894

    709,3 9078,70 4/38 ,3/ ,3 ,997,.943 147 49078 94 3;089 3 90

    .425,331:9:70

    f

  • 8/3/2019 A Study on the Ratio Analysis

    70/81

    0,78$%174289#94

    !,79.:,78

    $.0/:0/8,70.,59,

    :9470/$41#80,.

    88:0/8:-8.7-0/5,/

    41#80,.,3/1:5,/

    $.0/:0/#0807;0$:75:8

    ,,59,#0807;0-0307,

    #0807;0.!7419488,.

    ,,3.0./

    %49,#0807;0$:75:8

    $.0/:0/$0.:70/4,3

    $.0/:0/&380.:70/

    4,3

    $.0/:0/0/88098,74884.0880570.,943

  • 8/3/2019 A Study on the Ratio Analysis

    71/81

    %%

    $.770/:0/,59,473!747088

    ,,59,4735747088-88098503/3/8548,$.0/:0/3;0892039,3;0892039

    $.770/:0/.:77039880984,38/;,3.0

    ,$9470857085,798

    -#,2,907,.:7380/44/8/4735747088

    %49,3;0394708

    $:3/7/0-9478

    ,8.06:089,25843,3/%49,

    ,,3.098.0/:0/

    -,3

    $0.:70/4,3

    &380.:70/4,3088574;843147/4:-91:09:380.:70/4,3%49,9

    %%

    $.0/:0/:77039

    ,-908!74;843

  • 8/3/2019 A Study on the Ratio Analysis

    72/81

    :77039,-908$:3/7.70/9478/;,3.01742.:894207805489709039432430907,-908

    %%

    !74;843

    %%!#'

    3907&39/:892039

    ,:2-,

    -,0

    .,;,7, /

    0$

    %49,3907&39

    /:892039

    43974%49,

    %%$$%$

    %%%$

    %%$

    %%!!%

  • 8/3/2019 A Study on the Ratio Analysis

    73/81

    !,79.:,78

    $.0/:0/8,70.,59,

    W

    :9470/$41#80,.

    88:0/8:-8.7-0/5,/

    41#80,.,3/

    1:115,/

    $.0/:0/#0807;0$:7

    &8,,59,#0807;0-0307,#0807;0.!7419488,.,,3.0./

    %49,#0807;0$:75:8

    $.0/:0/$$0.:70/4,3

    $.0/:0/&380.:70/

    4,3

    $.0/:10/$0/88098

    9

  • 8/3/2019 A Study on the Ratio Analysis

    74/81

    ,74884.0880570.,943%%

    $.0/:0/,59,473

    !74,7088

    ,,59,47935747088-88098503/3/8548,

    $.0/:0/3;0892039

    ,3;0892039

    $.0/:0/:7703988098

    "-V

    4,38,/;,3.0

    ,$94708570857,98-#,2,907,

    .:7380/44/8/4735747088%49,

    3;0394708

    $:3/7/0-9478

    ,8.06:089,25843,3/%49,

  • 8/3/2019 A Study on the Ratio Analysis

    75/81

    ,1,3.098.0/:10/-,3

    9

    $0.:70/4,3

    &380.:70/4,3088574;843147/4:-91:09:380.:70/4,3%49,

    11

    11

    %%

    $.0/:0/:77039

    ,-908!74;843

    ,:77039,-908$:3/7.70/9478/;,3.0

    1742.:894207805489709039432430907,-908

    %%

    !74;843

    %%!#'

    3907&39/:892039

  • 8/3/2019 A Study on the Ratio Analysis

    76/81

    1,:2-,-,0.,;,7,

  • 8/3/2019 A Study on the Ratio Analysis

    77/81

    $$&$%$&$

    3/38

    %0709:734306:97,9484890300/94,.0;02470574198

    147901:9:707494190.425,3

    %0 6:/9 ,3,88 .,770/ 4:9 .0,7 3/.,908 9,9 90

    6:/9 4190 172 9,9 8 90 0;0 41.:77039,88098 70,9;0 94

    .:77039,-90888,981,.947

    %0/0-94789:734;077,9484890300/34,079,,389907

    .70/98-0.,:800,704/32434548989:,943

    %03907089.4;07,07,94848,890,/3.70,80.20,38

    9,9 90 172 2,39,38 1:3/8 70,/ 94 5, 907 4-,9438

    70,7/3390708994,;4/57088:70825480/-.70/9478

    %0 7488 57419,-9 7,94 90 309 57419,-9 7,94 ,3/ 90

    0,73385078,707,94,70843,/0.3039057419,-9

    %0 3.70,83 9703/ 41 709:73 43 06:9 89,908 9,9 90 172 8

    :83 90 43078 1:3/8 011.039 ,3/ 0110.9;0%:8,-0 94

    1:1 90050.9,9438 41 8,704/0784,39 9070,994

    092,20/

    %010/,880989:734;07,70:0-0.,:8041903.70,838,08

    ,3/90/02,3/147901728574/:.98

    3;039479:734;077,948349:5942,7-0.,:80901727008

    2,343 ,70 49 80814770503820398 7,9079,3 82,49

    808

  • 8/3/2019 A Study on the Ratio Analysis

    78/81

    $:089438

    #84:/9,0,/;,39,04190743/02,3/1470,;

    2307,8-3.70,8390574/:.943

    %02,3,0203984:/8:89,390 1,941 90 4.,50450-

    .4389,39 .422:3.,93,3/ 05,33 90.425,3854.08

    94902

    %0 97:89 41 90 4., 50450 .,3 -0 038:70/ ,3/ 8:89,30/ -

    .4389,393907,.943,3/.422:3.,9439902%0.425,3

    .,3 ,.0;0 98 - :3/079,3 2470 84., 7085438-0

    ,.9;908%8 2, -0 3 90 1472 4120/.,1,.908 7:3338.4418 ,8889,3.0 ,9 90 920 41 80, 074843 ,3/ 97,3 -,3

    %0 .,3 ,84 574;/0 ,907 ,3/ 00.97.9 8:55 94 90 4.,

    50450

    %0 .425,3 84:/ 1472:,90 ,557457,90 # 54.08 147

    574;/3034:47 94.; 147:247078-/88023,93

    902 3944907,70,847-293907 3:2-07- .43/:.93

    /8.:88438990,-47:343 %0.425,384:/979423209009073,3907;03943841

    ;,74:8549.,5,7908

    %0 .425,3 2:89 9,0 1: :80 41 90 1,;47,-0 4;0732039

    54.08,95708039

    %0 .425,3 .,3 4 147 2470 13,3., 57419,-0 ,70,8 41

    4507,9438

    %0 8,70;,:041 90.425,3 80993/0.70,80/147905,89100,78%794,/45920,8:708943.70,80908,70;,:0298

    89:,943

    %0.425,38,/;07983,.9;908,70088

  • 8/3/2019 A Study on the Ratio Analysis

    79/81

    %0.4893;4;0/3/11070394507,94388800394-0;07:0%,0

    20,8:7089470/:.0915488-0

    98,3,557457,9092014790.425,39405,3/98,.9;9089424705,7984190.4:397

  • 8/3/2019 A Study on the Ratio Analysis

    80/81

    &$

    #,;,7, 8 900,/38:550741-0,. 8,3/2307,8 94

    903,943%0.425,339880,7.4130098,870,.0/,0;0

    416:,9.8 702,7,-0 %0920,/,59,943 41 90.344.,

    334;,9438,8-00390,2,741#83.0983.05943%089:/

    ,8 /08.759;0,3/,3,9.,33,9:7090 1:3.943,/05,7920398

    0709474:89:/0/,3/908970398,3/0,308807014:3/4:9

    9 ,8 14:3/ 4:9 9,9 90 0254008 070 8,9810/ 9 90 01,70

    54.08 . ,70 3 57,.9.0 ,3/ 90 8.,0 41 5, ,9 5708039 #

    ,;,7, 8.,5,-041 .43;0793 98 970,98 394455479:39089 90

    :/,3.0,3/.4397441909452,3,020394800,/07856:,98

    250..,-

  • 8/3/2019 A Study on the Ratio Analysis

    81/81

    -47,3;

    ,3,02039..4:393#0//,3/44793,3.,

    ,3,02039!,3/0

    #080,7.2094/44&2,80,7,3

    425,30-890704;3

    425,38,33:,70.47/8

    425,38%0.3.,-7,7