Current Ratio= Current Assets/Current LiabilitiesIn 2008:

Current Assets=380.41+2256.16=2636.57 billion (cash + advances)Current Liabi

lities=246.91+863.99=1109.9billion (short-term deposits+ borrowings)Current

Ratio=2636.57/1109.9=2.4:1In 2007:Current Assets=371.21+1958.66=2329.87billion

(cash + advances)Current Liabilities=213.76+108.37+598.23=920.36 billion (short-

termdeposits+ borrowings)Current Ratio=2329.87/920.36=

2.6:12)QUICK RATIO:Quick Ratio=Quick Assets/Current Liabilities

In 2008:Quick Assets=380.41billion (cash in hand and other bank)Current Liabilities=110

9.9billionQuick Ratio=380.41/1109.9=0.40:1In 2007:Quick Assets=371.21billion (cash in

hand and other bank)Current Liabilities=920.30billionQuick Ratio=371.21/920.30=

0.40:13)RETURN ON AVERAGE ASSETS:65 

Return on average assets= Net income/average assets*100average assets=

total assets at the beginning + total assets at the end/2In 2008: net income=25.40

billionAverage assets= (1676.59+ 2513.89)/2= 2095.24Return on average assets=

25.40/2095.24*100 =1.21%In 2007: net income= 31.10 billionAverage assets=

(2513.89+ 3446.58)/2= 2980.24Return on average assets= 31.10/2980.24*100=

1.04%4)RETURN ON AVERAGE EQUITY:Return on average equity

= Net income/average equity*100average equity= total equity at the beginning

+ total equity at the end/2In 2008: net income=25.40 billionAverage equity=

(129.00+225.56)/2= 177.28Return on average equity= 25.40/177.28*100 =

17.54%In 2007: net income= 31.10 billionAverage equity= (225.56+246.63)/2=

236.10Return on average equity = 31.10/236.10*100=13.17%5)FIXED/

WORTH RATIO:Fixed Worth Ratio=Net Fixed Assets/ Tangible Net WorthIn 2008:

 Net Fixed Assets= 39.80 billionTangible Net Worth= 225.55 billionFixed Worth

Ratio=39.80/225.55=0.18:1In 2007:66 

 Net Fixed Assets= 39.23 billionTangible

Net Worth= 246.62 billionFixed Worth Ratio=39.23/246.62 =

0.16:16)OPERATING PROFIT TO WORKING FUNDSOperating Profit To

Working Funds=operating profit/ average assets*100In 2008:

Operating profit=38.80 billionAverage assets=2095.24Operating profit to working

fund=38.80/2095.24*100=1.85%In 2007:Operating profit=58.84 billionAverage assets=2980.84

Operating profit to working fund=58.84/2980.84*100=1.98%

(approximately) 

 Net Fixed Assets= 39.23 billionTangible Net Worth= 246.62

billionFixed Worth Ratio=39.23/246.62 =0.16:16)OPERATING PROFIT

TO WORKING FUNDSOperating Profit To Working Funds=operating profit/

average assets*100In 2008:Operating profit=38.80 billionAverage assets=2095.24

Operating profit to working fund=38.80/2095.24*100=1.85%In 2007:

Operating profit=58.84 billionAverage assets=2980.84Operating profit to working

fund=58.84/2980.84*100=1.98%(approximately)R A TI O S I

N   2 00 8IN 2007Current Ratio2.4:12.6:1Quick Ratio

0.40:10.40:167 

ANNEX

URE76 

PROFIT AND

LOSS A/C 77

 

BALANCE-SHEET 

78