The efficiency of the business is measured by the amount of profit earned. The greater the profit, the more efficient is the business considered to be. The profit of a business may be measured by studying the profitability of investment. Profitability is a relative term and its relation with the other factor by which the profit is affected. It is the test of efficiency, powerful motivational factor and the measure of control in any business. In the financial statement analysis literature, a lot of importance has been attached to financial ratios for assessing a firm's financial performance and condition. Items of the income statement alone or along with the balance sheet items also can generate a number of profitability ratios. But, many ratios reveal the similar things. The analyst is always at a loss to find out which ratios to use to determine profitability of a firm. An attempt to determine inter-relationships between and among the profitability ratios, in order to select a few ratios which can possibly give maximum information about the profitability of a firm is an empirical issue.
The book discusses all the important aspects of profitability in a systematic manner. The book will be immense use particularly to University and college teachers, Chartered Accountants, Company Secretaries, M.Com, B.Com and MBA students and other professional courses. In addition, it would be a useful reference book for researchers and financial managers.
ABOUT THE AUTHOR A Vijayakumar
Dr.A. Vijayakumar is a Reader in the Faculty of Commerce, Erode Arts College, Erode. He obtained his B. Com in 1984 from Madras University. He completed his first class post-gradute course in the Department of Commerce, Erode Arts College affiliated to Bharathiar University, Coimbatore in the year 1986. He got his M. Phil. Degree in 1990 and Ph.D. degree in 1997 from Bharathiar University. He has also completed PGDCA from Bharathiar University in 2003. He has been teaching in the Depatment of Commerce, Erode Arts College for over 22 years. He has been guiding a number of research scholars in research programs leading to M.Phil. and Ph.D. degree. He has produced 25 M.Phil. and 3 Ph.D. scholars during his service so far. His field of specialization includes: Financial Management Advanced accounting Cost and Management Accounting and Research Methodology. He has got three books to his credit in the field of commerce and management. He has published more than 80 research papers and articles in leading journals both in India and abroad. Further he has participated in more than 50 National and International conferences and presented papers. He has completed several research projects funded by UGC and ICSSR. He is currently engaged in postdoctoral research in the area of his interest.
ABOUT THE AUTHOR P Tamizhselvan
Dr P Tamizhselvam is Associate Professor in the faculty of Financial Management, Tamil Nadu Institute of Urban Studies, Coimbatore. He is also the Head of the centre for financial management and research. He is founding faculty member of the Centre for Financial Management and Research which offers Post Graduate Diploma in Urban Financial Accounting and Management at Tamil Nadu Institute of Urban Studies, Coimbatore in collaboration with Bharathiar University, Coimbatore. He received his M.Phil and Ph.D degrees from the Bharathiar University, Coimbatore in 1992 and 2009 respectively. He was a lecturer in Commerce at PSG College of Arts and Science, Coimbatore for more than a decade and served at the Department of Commerce, University of Delhi (South Campus), New Delhi for one year.
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