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Research Journal of Humanities and Social Sciences
Year : 2018, Volume : 9, Issue : 4
First page : ( 779) Last page : ( 784)
Print ISSN : 0975-6795. Online ISSN : 2321-5828.
Article DOI : 10.5958/2321-5828.2018.00131.6

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

Dr. Podile Venkateswara Rao.1,*, Dr. Sree Ch. Hema Venkata Siva2

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, dreamworld7982@gmail.com

*Corresponding Author Email: vraopodile@gmail.com

Online published on 30 January, 2019.


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.



Current ratio, Debtors turnover, Gross working capital turnover, Inventory turnover, Net working capital turnover, Super Quick ratio.


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