*Associate Professor, Department of Commerce, Bharathiar University, Coimbatore, E. Mail: sumathivenky2005@gmail.com
**Assistant Professor, Commerce, Government First Grade College, H.S.R, Bangalore, E. Mail Id: narmadharaja@yahoo.co.in
Online published on 30 April, 2015.
Every business is a social entity which includes the co-operation of the various groups which includes lawyers, trade unions, financial analysts, teachers, research scholars etc. These groups are intended to know the financial position of the business and this will be available only through the financial statements. The economic development of a country is highly depends on the growth and development of business environment. Financial statement discloses the relevant details of the business to the needy and this is importance to the tax authorities and other statutory aspects in the country. Aluminium represents the second largest metals market in the world. Growing demand for the lightweight metal is fuelled largely by the booming Chinese economy which already consumes a quarter of the world's aluminium production. Analysts predict an annual growth rate of 7 to 14% in the Chinese automotive industry up to 2011, a 12% increase in construction expenditure in 2007 and a minimum of plus 16 million annual growth in urban population during the next 8 years. According to analysts these factors will combine to see China consume 36% of world's aluminium production as early as 2010. Based on this background the researcher has taken this topic to analyse the liquidity position of select aluminium industries with the help of Mean, Covariance, Compound Annual Growth Rate and Two way Anova Current Ratio, Quick Ratio, Debt Equity Ratio and Long term debt equity ratio.
