International Research Journal of Commerce , Arts and Science
( Online- ISSN 2319 - 9202 ) New DOI : 10.32804/CASIRJ
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A COMPARATIVE STUDY OF LIQUIDITY POSITION OF REDINGTON INDIA LTD. AND WIPRO LTD.
1 Author(s): DR. REETA
Vol - 9, Issue- 3 , Page(s) : 372 - 378 (2018 ) DOI : https://doi.org/10.32804/CASIRJ
Effective and efficient financial management is pre-requisite in today’s competitive business world for survival and growth. For any business organisation finance is its lifeblood. Availability of adequate finance in the business is necessary to meet its obligations. The company’s ability to pay its short-term liabilities as and when they are due is known as Short -term liquidity. This paper is an attempt to do the comparative study of the short-term liquidity position of two IT Companies i.e., Redington India Limited and Wipro Limited. For this the liquidity ratios for the period of 7 years were calculated from the information taken from annual reports of the selected companies and moneycontrol.com. Results were drawn based on ratios and statistical techniques.