Zależność między rentownością a płynnością finansową ma kształt odwróconego U
The relationship between profitability and financial liquidity has the shape of an inverted U

Summary/Abstract: In the article, it is noted that a very common in previous studies, including Polish companies, hypothesis on linear, negative relationship between profitability and static indicators of liquidity, does not fully reflect the essence of the phenomenon. Both very high and very low liquidity does not foster profitability. Therefore, more appropriate is the hypothesis about the relationship between profitability and liquidity in the shape of an inverted U. The relationship between profitability measured by gross and net profit margin and the return on assets in relation to the current and quick ratios of companies listed on the Warsaw Stock Exchange in the years 2000-2013 was positively verified in the article.

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