*PH.D Research Scholar, Department of Commerce, Faculty of Science and Humanities, SRM University, Kattankulathur, Tamil Nadu, India
**PH.D Research Scholar, School of Commerce, Bharathiar University, Coimabtore-46
Online published on 27 January, 2015.
Working capital is considered to be life-giving force to an economic entity and managing working capital one of the most important functions of corporate management. Working capital management (WCM) is the management of short-term financing requirements of a firm which includes maintaining optimum balance of working capital components – receivables, inventory and payables – and using the cash efficiently for day-to-day operations. The main objectives of this study are to examine and evaluate the working capital management in ACC Limited, examine the management pattern of inventory, liquidity, cash position and receivables management. This also finds the relationship between Working Capital Efficiency and Profitability, Profitability and Market ratios. AREA OF STUDY – FINANCE Working capital analysis is one of the most powerful tools of financial analysis. It is used as a device to analyze and interpret the financial health of enterprise. A study of working capital is of major importance to internal and external analysis, because of its close relationship with the current day to day operation of a business. The analysis of working capital consists of a study of relationship and tends to determine whether or not the firms liquidity position was good to meet day – to –day obligation of a business. The statement of changes in working capital for the year ended 2009 -2013.
Working capital management (WCM), corporate management
