of SMEs, but empirical findings revealing the positive relationship between trade credit itself and profitability is … still limited. Thus, in this paper, the trade credit effect on the profitability of SMEs from the side of supply and demand … findings showed a positive relationship between accounts payable and profitability, which indicates that SMEs should establish …

explain how working capital management affects profitability of Serbian companies measured by ROA indicator. In order to … profitability and accounts receivable turnover in days (ART), accounts payable turnover in days (APT) and inventory turnover in days … in days (CCC) and profitability. The issue of working capital management has not been sufficiently examined in the …