European Journal of Molecular & Clinical Medicine

Abstract

Cash is the key input essential to keep the business running on a continuous basis. Shortage of cash will result in disruption in manufacturing operations of the enterprise. On the other hand, excessive cash results in idle cash which will not contribute anything towards profitability of the enterprise. Therefore, an Enterprise should maintain optimum cash. Cash is the common denominator for which all current assets can be reduced. Hence, Cash Management is one of the important topics of Working Capital Management. Cash Turnover Ratio and Cash Turnover Period are the tools used for understanding efficiency in cash Management. Efficient Cash Turnover is not only important in Large Businesses but also in Micro and Small Businesses. This Research paper focuses on Cash Turnover in selected Engineering Micro and Small Enterprises in the state of Andhra Pradesh in India. Two-way ANOVA is used for framed hypotheses testing. Financial tools used include CTR and CTP