A study on funds management in spinning mills
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Textile Industry is one of the
main providers of employment
to about 35 million persons,
adds about 14 percent to the
industrial production and about 4
percent of the GDP in India. The
textile industry has been passing
through a very difficult stage
presently because of various factors
including excess capacity, lack of
modernization, liquidity problems,
etc. Whilst some units are able to
keep its head above water some are
not mainly thanks to the quality of
their management of funds available.


Total Debt Equity Ratio is a
measure of the company's dependence
on Debts for financing its assets in
general and reveals about the
composition of its financing pattern and
the inter relationship between own
capital and debt capital. For computing
this ratio total outside liabilities are
considered under Debt.


Anova : Single Factor - Current Ratio
(All Units)


The above table shows that the
calculated F-ratio is 5.81 is more than
the table value of 1.99 at 5% level with
degrees of freedom being 9 and 90 and
hence the differences could not have
arisen due to chance. This analysis
does not support the null-hypothesis of
no difference in between means.