MAZDA INDUSTRIES AND LEASING-Working Capital Shortage

in 1989-90. In place of a return on investment of 1.80 per cent (annualised) in 1988-89, the ratio almost doubled to 3.45 per cent in the latest year. The company almost doubled the return on equity from 7.29 per cent to 14.29 per cent. This has led to a spurt in the price earnings ratio Of the company's equity share from 10.99 (annualised) in 1988-89 to 12.36 in