Abstract
India’s textile sector contributes significantly to the nation’s economy. When it comes to creating jobs and bringing in foreign currency, this is one of India’s largest sectors. The robustness of the Indian textile industry’s finances is the main topic of the paper. And to understand how efficiently the textile industry has utilised its resources so far. Profitability, liquidity and solvency positions of textile enterprises have been investigated for this purpose. The comparative ratio analysis method has been utilised in this article to determine whether textile companies are financially sound. Paul G. Hastings stated that “finance is the management of the affairs of the company.” Determining the costs associated with acquiring the funds on the most favourable terms possible and allocating the available funds to the best uses.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
