UGC recognized list of journal on Dated 02-5-2018: Research Journal of Humanities and Social Sciences (RJHSS) ( Sr. No. 10598 ); International Journal of Reviews and Research in Social Sciences ( Sr. No. 10605) (04-May-2018)        |

Volume No. :   9

Issue No. :  4

Year :  2018

ISSN Print :  2321-5828

ISSN Online :  0975-6795


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Working Capital Management in Micro Enterprise - A Case Study of Bharat Cashew Manufacturing Company



Address:   Dr. Venkateswara Rao. Podile1, Dr. Ch. Hema Venkata Siva Sree2
1Professor, Andhra Loyola Institute of Engineering and Technology,
Opp. Poly Technic Post office, Vijayawada, Andhra Pradesh, Pin-520008, India
2Co-Investigator, DST Project, Andhra Loyola Institute of Engineering and Technology,
Vijayawada, Andhra Pradesh, Pin-520008, India
*Corresponding Author
DOI No: 10.5958/2321-5828.2018.00131.6

ABSTRACT:
A well designed Working Capital Management decision or short term investment decision ensures proper liquidity and profitability trade-off in any business organization. In this paper, an attempt is made to examine working capital management in Bharat Cashew Manufacturing Company. This company is a Micro Enterprise belongs to Andhra Pradesh state of India. This enterprise is located in vetapalem, Prakasam District. Bharat Cashew Manufacturing Company was established in 1949. It is engaged in the business of purchase and sale of raw cashew nut and manufacturing of cashew kernel. This Micro Enterprise has been doing cashew exports since inception. In this paper, an attempt is made to analyze the structure and composition of the working capital during the period of study covering ten years from 2006-07 to 2015-16. Attempt is also made to assess the liquidity position of the organization, to examine gross working capital turnover, to study net working capital turnover and to examine the efficiency in utilization of various current assets. Chi-square test is used to test the hypotheses formed.
KEYWORDS:
Current ratio, Debtors turnover, Gross working capital turnover, Inventory turnover, Net working capital turnover, Super Quick ratio.
Cite:
Venkateswara Rao. Podile, Ch. Hema Venkata Siva Sree. Working Capital Management in Micro Enterprise - A Case Study of Bharat Cashew Manufacturing Company. Res. J. Humanities and Social Sciences. 2018; 9(4): 779-784.
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