Books of Account
Changing Policy Regimes and Corporate Performance
B. L. Pandit and N. S. Siddharthan
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In a chapter on ‘MNEs (multinational enterprises) and market valuation of firms,’ included in Changing Policy Regimes and Corporate Performance, B. L. Pandit and N. S. Siddharthan discuss a few off-beat ratios. Such as ROY, ratio of royalty payments to sales turnover, and LP, lump-sum payments made for import of technology as a ratio to sales turnover; MK, the ratio of import of capital goods and sales, and MRAW, the ratio of import of raw materials and stores to sales.