All are aware of the fact that Return on Equity (ROE) is equal to Profit After Tax (PAT) divided by Owners' Equity. But, ROE represented by a single number begs more questions than it can answer. Such a singularity cannot take us far away to understand the complexity arising out of the interplay...

In the present environment of cut-throat competition, almost all the business firms have no other option but cutting the cost of operations in order to be competitive as well as financially healthy. So, like other aspects of financial management, working capital management must have a...