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Title: | An Analysis of Financial Health of Paper and Pulp Manufacturing Industries in India |
Authors: | S. Saravanan V Devaki Nandini |
Keywords: | Financial Health Z Score Paper and Pulp Industries Altman Score. |
Issue Date: | 2015 |
Publisher: | Journal of Accounting and Finance |
Abstract: | Financial health is essential for maintaining liquidity, solvency and profitability of a business organization, irrespective of its size and nature of operations. The management of financial positions draws the close attention of finance managers as it involves frequent and dynamic decision-making to determine "the size of" current assets required for uninterrupted flow of activities of a business. There is no internationally accepted standard for financial ratio against which the results can be compared. Therefore, Edwin I Altman combined a number of accounting ratios (liquidity, leverage, activity and profitability) to form an index of the profitability, which are effective indicators of corporate performance predicting bankruptcy well over a year or two in advance. The analysis shows that the financial health of paper and pulp manufacturing industries in India from the year 2004-05 to 2013-2014. |
URI: | http://gnanaganga.inflibnet.ac.in:8080/jspui/handle/123456789/14569 |
Appears in Collections: | Articles to be qced |
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An Analysis of Financial Health of Paper and Pulp.pdf Restricted Access | 470.45 kB | Adobe PDF | View/Open Request a copy |
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