ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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India Infusion

cent between 1988-89 and 1989-90. Since the debt/equity ratio was hiked from 0.38:1 to 0.56:1 through larger borrowings, the worsening of the rate of return on owners' equity was somewhat milder from in 1989-90. Interestingly, the liquidity

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