Working Capital Analysis of HPCL-A Case Study
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Working capital is just like a blood of the company as without blood human body cannot survive in the same logic company cannot survive without working capital. Excess blood or low blood both the situation are dangerous for the human body in the same way excess or low working capital are harmful for the company. There should be fair amount of working capital in the business. In this regard we have analysed the working capital position of HPCL with the help of various ratio’s of working capital. In this study mainly, current ratio, quick ratio, absolute liquid ratio, debtor’s turnover, debtor’s collection period, Age of inventory and working capital turnover ratio were calculated. The statistical tools like mean, growth rate standard deviation and coefficient of variation were applied. Liquidity position was also analyzed by liquidity ranking method.
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