Current Ratio= Current Assets/Current LiabilitiesIn 2008:

Current Assets=380.41 +2256.16=263 6.57 billion (cash + advances)Curr ent Liabilities

=246.91+863. 99=1109.9billi on (shortterm deposits+ borrowings)Cu rrent

Ratio=2636.57/ 1109.9= 2.4:1In 2007: Current Assets=371.21 +1958.66=232 9.87billion

(cash + advances)Curr ent Liabilities =213.76+108. 37+598.23=92 0.36 billion (s hort-

termdeposits+ borrowings)Cu rrent Ratio=2329.87/ 920.36= 2.6:12)QUIC K RATIO:

Quick Ratio=Quick Assets/Current Liabilities In 2008: Quick Assets=380.41

billion (cash in hand and other bank)Current Liabilities=110 9.9billionQuick Ratio=380.41/1 109.9=

0.40:1In 2007: Quick Assets=371.21 billion (cash in hand and other bank)Current Liabilities=920.

30billionQuick Ratio=371.21/9 20.30= 0.40:13)RETU RN ON AVERAGE ASSETS:

65

Return on average assets= Net income/averag e assets*100aver

age assets= total assets at the beginning + total assets at the end/2In 2008

: net income=25.40 billionAverage assets= (1676.5 9+ 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)RETU RN ON AVERAGE EQUITY:Retu rn on average

equity = Net income/averag e equity*100ave rage equity= total equity at the beginning

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

(129.00+225.5 6)/2= 177.28Return on average equity= 25.40/177.28*1 00 =

17.54%In 2007 : net income= 31.10 billionAverage equity= (225.56+246.6 3)/2=

236.10Return on average equity = 31.10/236.10*1 00= 13.17%5)FIX ED/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=39.80/22 5.55= 0.18:1In 2007:

66

Net Fixed Assets= 39.23 billionTangible

Net Worth= 246.62 billionFixed Worth Ratio=39.23/24 6.62 =

0.16:16)OPER ATING PROF IT TO WORKING F UNDSOperati ng Profit To Working

Funds=operati ng profit/ average assets*100In 2008: Operating profit=38.80

billionAverage assets=2095.24 Operating profit to working fund=38.80/20 95.24*100=

1.85%In 2007: Operating profit=58.84 billionAverage assets=2980.84 Operating profit to

working fund=58.84/29 80.84*100= 1.98% (approximately )

Net Fixed Assets= 39.23 billionTangible Net Worth= 246.62 billionFixed Worth

Ratio=39.23/24 6.62 = 0.16:16)OPER ATING PROF IT TO WORKING F UNDSOperati

ng Profit To Working Funds=operati ng profit/ average assets*100In 2008:

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

fund=38.80/20 95.24*100= 1.85%In 2007: Operating profit=58.84 billionAverage assets=2980.84

Operating profit to working fund=58.84/29 80.84*100= 1.98%

(approximately ) R A T I O S I N 2 0 0 8

IN 2007Current Ratio 2.4:1 2.6:1Quick Ratio 0.40:1 0.40:1

67

AN NE

XUR E

76

PROFI T AND

LOSS A/C
77

BALA NCE-

SHEET
78