THE RANKING OF FIRMS FROM ROMANIA, ALBA COUNTY BASED
    ON THEIRS TURNOVER, NET PROFIT AND TOTAL DEBTS


     Sorin-Constantin Deaconu, „1 Decembrie 1918” University of Alba Iulia, Romania

ABSTRACT: This paper investigates the accuracy of Top of the Companies elaborated by
Alba County Chamber of Commerce and Industry and Agriculture based on theirs turnover.
Thus, we want a correction to be made for the Top of the Companies and a change to be made
for the Chamber of Commerce and Industry of Romania Regulation in what concerns the way
to establish the order in which companies are ranked in the county competition. The analysis
was performed by calculating the coefficient of variation. The results show that the Top of the
Companies was not properly determined so we have proposed elaboration of another ranking
based on company’s turnover, net profit and total debts. The result of the latter ranking
showed a strong dependency between the two indicators by calculating Pearson's coefficient.

Key words: turnover, coefficient of variation, profit and loss account, Pearson's coefficient, financial
statements.

JEL codes: M 41, A 12