A Comparative Study on Management of Working Capital with Special Reference to Eid Parry Sugar Units and Thiru Arooran Sugars
Keywords:
Working Capital, Profitability, RatioAbstract
The purpose of this study is to examine the effect of working capital management on firm’s profitability. The study is based on a sample of 2manufacturing firms situated on the Pudukkottai District and Thanjavur District, covering a span of five years from 2013 to 2017. The empirical evidence found that there is existence of significant positive relationship between exogenous variables, and its endogenous variable. The findings also show a significant inverse relationship between debt ratio (leverage) and firm’s profitability, but the firm’s capability to translate working capital into cash promptly.
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