Serial No

Author & Publication Year Title

1 Irfan Ahmed Impact of Working Capital

Management on Performance
of Listed Non Financial
Companies of Pakistan
 Variables
Dependant Independent Methodology Conclusion
(Profitability) (Liquidity)
Current asset over Inventory Secondary Data, sample From this study we conclude
total assets ratio turnover of 263 companies from 4 that by using the Pearson
major non financial correlation ROE has a
sectors, listed on stock positive relationship with
exchange, no of ROA, Current Ratio and
observations 1587, Quick Ratio with 1%. While
logistic regression, ROA has a positive relation
ordinary least square with Current Ratio and
method, descriptive Quick Ratio for 1%. So we
analysis, Pearson found that there is no
correlation. multicolinearity factor one
found. While regression
analysis shows that ROE has
positive relationship of 1%
with Current Ratio which
will increase ROE of firm.
Where the ROA has positive
relation Current Ratio at
level 1%. This whole
analysis shows the relation
between WCM and
profitability. The Current
Ratio is strong determinant,
the increase in profitability.

Current asset over Debtors

total sales ratio Turnover

Current Ratio
Quick Ratio
 Publisher Recommendation

Proceedings of 2nd
International Conference on
Business Management (ISBN:
978-969-9368-06-6)