ABSTRACT
In this research work titled “Effect of working capital management on financial performance of manufacturing firms focusing on Nigeria beer sector” the researcher examined the relationship between stock turnover and return on equity. Examined the relationship between current ratio and return on equity. The researcher also ascertained the extent of association between debt collection period and return on equity. The researcher made use of only secondary data from six years annual report and accounts of the two quoted (Guinness Nigeria Plc and Nigeria Brewery Plc) listed on the Nigeria stock exchange were collected and regression analysis was utilized in the data analysis. At end of the research work the researcher found out that there is significant relationship between stock turnover and return on equity. This research work shows that there is significant relationship between current ratio and return on equity. It was also discovered that there is significant association between debt collection period and return on equity. Based on the above findings the researcher recommends that poor performing firms should adequately plan and control their operations, adjust all the short falls as noted from the financial ratios calculated and bring them to standard so as to enhance management of each working capital component and thus improve the organizations’ profitability. Since the world is fast growing towards scientific management where problems are solved even before decisions are made, instead of using poorly constructed models in decision making as the case may be, managers of firms should adopt (solely rely on) the principles of finance. By so doing, management of working capital is guaranteed, even liquidity and profitability of the firm is assured.
The paper presents an economic analysis of vegetable production production in Ukwu...
ABSTRACT
Co-processed excipients are a mixture of two or more existing excipients at subparticle level. These multipurpose excipients hav...
Abstract
In this work, the properties of baobab/sisal fibre reinforced low density polyethylene hybrid composites were s...
BACKGROUND OF THE STUDY
The construction sector occupies a focal position in the economy of any nation...
BACKGROUND TO THE STUDY
A computer network or data network is a telecommunica...
ABSTRACT
This work on ”Possible effects of Electromagnetic Fields (EMF), Radio Frequency Fields (RF) and Microwave...
ABSTRACT
Recent efforts to secure tenure and enhance real property markets are under pressure from increasing demand and competition for...
This research work is designed primarily to examine and assess the contribution being played by non-governmental organizations in the developm...
EXCERPT FROM THE STUDY
Liu, Burridge and Sinclair (2002) examined the relationship between economic growth, foreign dire...
ABSTRACT
This study investigated the effect of scaffolding and drilling teaching methods on students‟ academic performance in Shorthand i...