1Professor in Commerce, As served Principal in Kaamadhenu Arts and Science College, Sathyamangalam-638 503. Erode Dist. Tamil Nadu
2Assistant Professor and Head, PG and Research Department of Commerce, Kaamadhenu Arts and Science College, Sathyamangalam--638 503. Erode Dist. Tamil Nadu
Online published on 8 August, 2018.
The Textile Sector in India ranks next to !griculture Sector/Textile is one of the India's oldest industries and has a formidable presence in the national economy and it contributes about 14 percent of manufacturing value-addition and it accounts for around one-third of our gross export earnings and provides gainful employment to millions of people. The textile industry occupies a unique place in our country. Profitability, in this reference may be return earned in the total assets of the company. Every firm aims to dig up maximum profits out of the invested capital pool. The profit ratio is measured by sales will give a short-term perspective of profitability because sales are annual flows. On the other hand, the return on assets will give us long-term perspective of profitability. In this study, ratio of Return on Capital Employed is used as dependent variable in the specified model.
Textiles, Profitability, Return on Capital Employed, Agriculture
