FINANCIAL STATEMENT AS DETERMINANT OF PROFITABILITY IN BUSINESS ORGANISATION
- Project Research
- 1-5 Chapters
- Quantitative
- Regression
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study examined the relationship between firm financial management techniques and profitability. Six variables including Long-term-debt to Equity ratio (LTDER), Inventory turnover ratio (ITR), Debtors’ turnover ratio (DTR), Creditors’ velocity (CRSV), Total assets turnover ratio (TATR) and Net profit margin (NPM). Profitability as a dependent variable is represented by Net profit margin (NPM) while LTDER, ITR, DTR, CRSV and TATR were used. Descriptive statistics and multiple regressions were applied to data obtained from the annual financial statements of sampled business companies quoted on the Nigerian Stock Exchange. The results of the analysis showed that there is a positive relationship between LTDER, DTR, TATR and profitability while ITR and CRSV have negative relationships with profitability. Given the findings, the study recommends that the inventories of the company should be monitored more frequently to prevent stock-out or over stocking conditions of their products, that creditors’ velocity should be at a point where the creditors and purchases are equal in order to take the advantage of credit facility and any discount associated with prompt payment for goods to increase the profitability of the company.
Related Project Materials
CHLAMYDIA INFECTIONS, HOW TO CONTROL & ERADICATE MICROBIOLOGY PROJECT
OBJECTIVES OF THE STUDY
To determine the prevalence of Chlamydia infection.
To ascertain the age distribution...
INVESTIGATION INTO THE CAUSES AND PREVENTION OF COVID-19 AMONG ALVAN IKOKU FEDERAL COLLEGE OF EDUCATION, OWERRI
Background to the study
Etymologically, Coronavirus (COVID-19) are positive-sense, single stranded RNA...
FORENSIC ACCOUNTING AS A TOOL FOR FRAUD DETECTION AND PREVENTION
ABSTRACT
This study was intended to evaluate the extent to which forensic accounting can be used as a tool in fraud dete...
SPORT TOURISM AND PERFORMANCE IN INDUSTRY IN IMO STATE
Background Of Study
Globally, tourism has become an important policy tool for community and regional de...
THE EFFECTIVENESS OF ADVERTISING IN CHANGING CONSUMER BEHAVIOUR
EXCERPT FROM THE STUDY
- It was discovered that the management of the company&...
Read more
IDENTIFICATION OF REFURBISHING IN MECHANICAL ENGINEERING DRAWING STUDIO
INTRODUCTION
Many specialists from the construction and furnishing industries have defined the term refurbishment in var...
Read moreDESIGN AND IMPLEMENTATION OF A COMPUTER BASED INFORMATION SYSTEM FOR MORTGAGE FINANCING
Background of the study
The provision of the financial resources that are necessary for homebuyers to complete the acqui...
Read moreCOLLECTIVE BARGAINING AND INDUSTRIAL HARMONY IN THE NIGERIAN PUBLIC SERVICE.
Abstract
Collective bargaining is essentially the negotiations about working conditions and term of employment between t...
Read moreINFLUENCE OF STRIKE ACTION ON THE ACADEMIC PERFORMANCE OF STUDENTS
ABSTRACT
This study examined the influence of strike action on the academic performance of students in tertiary institut...
Read moreHOW TO PREVENT COMPUTER SYSTEM INFECTION AND COMPROMISE USING TROJAN TOOL AND PROCESS
ABSTRACT
This study was carried out to examine how to prevent computer system infection and compromise using trojan...
Read more
