A Cross Sector Comparison of Financial Trends in Textile, Food and Chemical Sectors: An Empirical Analysis of Profitability, Leverage, Liquidity and Activity

Abstract

The aim of the study is to use ratio analysis to observe significant financial trends within three major sectors of the non financial industry for the 2005-2010 period#x2026;.namely textile, food and chemical sectors. Consequences shows that at least for the test period, 11 out of 14 financial ratios are statistically different across the three non financial sectors. By itself, economic trends and cross sectional abnormalities with in observed non financial industry segments are better embedded.