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WORKING CAPITAL MANAGEMENT AND PROFITABILITY: A CASE OF ALBA COUNTY COMPANIES

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Abstract

The purpose of this study is to analyze the efficiency of working capital management ofcompanies from Alba County. The relation between the efficiency of the working capital management andprofitability is examined using Pearson correlation analyses and using a sample of 20 annual financialstatements of companies covering period 2004-2008. The conclusion to our study is that there is a weaknegative liniar correlation between working capital management indicators and profitability rates.

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