16-07-2013, 02:57 PM
Analysis of corporate profitability multivariate approach
Mentioned that among is the most powerful tool of financial analysis .But, there is no international standard for financial rations against which the results can be compared. A single profitability ratio in itself does not convey much the sense. But at the same time several rations are used, they may yield different conclusions for the same firm. So, he attempted to measure the composite profitability of a firm by a single indeed thereby facilitating case of comparison and ranking.