Analysis of Working Capital in Bhilai Steel Plant and Bokaro Steel Plant

Main Article Content

Mordhwaj Tripathi

Abstract

The ratio of liquid assets and current liabilities of Bhilai and Bokaro steel plants has been expressed by this research. The correlation coefficient between liquid assets and current liabilities was found to be 0.06. During the year 1997-98 to 2006-07, the liquid ratio was found to be less than its ideal standard 1 which shows the unfavorable refining capacity of Bokaro Steel Plant.  Bokaro Steel Plant has a coefficient of variance of liquid ratio of 28.57 per cent which shows the variability of liquid ratio. The liquid assets of Bokaro Steel Plant are unable to pay their current liabilities due to high balance of closing stock. It is clear from the data that the financial position of Bhilai Steel Plant has been sounder than that of Bokaro Steel Plant.

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How to Cite
Tripathi, M. (2016). Analysis of Working Capital in Bhilai Steel Plant and Bokaro Steel Plant. Mind and Society, 5(02-03), 64–70. Retrieved from https://mindandsociety.in/index.php/MAS/article/view/126
Section
Research Article