P.G. Department of Commerce, Karnatak University, Dharwad.
Online published on 9 October, 2012.
Timely and regular evaluation of performance of firm is very essential to diagnose the soundness. Early detection of problems and timely appropriate strategies can reduce the adverse effect on the wealth of stakeholders. Like sufficient amount of blood for a healthy human, there has sufficient amount of finance for healthy organization. Therefore, firms should adopt the scientific principles of financial management in taking decisions. This study is based on the secondary data collected from annual reports of these two firms operating under cooperative system to support the growers of areca nuts. The study suggested for improving cash management and reducing operating expenses to improve the financial performance of firms.
