A Study on Gross Profit Ratios of Leading Dairies of Gujarat
DOI:
https://doi.org/10.53983/ijmds.v12n09.002Keywords:
Gross Profit Ratio, Descriptive statistics, ANOVAAbstract
In general economy of any of the nation is tends to the three sectors – agriculture, industries and territory services. Food industry is one of the leading part an agriculture sector. Moreover, Gujarat is the leading player in milk production worldwide. This research is targeted to examine profitability in terms of Gross profit of the dairy sector of the Gujarat state. In this research the secondary data of all leading dairies of Gujarat have been collected to evaluate the gross profit of the industry. In sense of accounting technique an application of gross profit is examined to know the financial growth of the sector. An application of descriptive statistics and inferential statistics are used to derive the results. The results are compared bases on mean, standard deviation and ANOVA. It is observed that Amul is the leading player amide all the dairy. Thus, Amul model is approached to all other dairy.
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