Abstract
Working capital managemt involves the management of the most liquid resources of the firm which includes cash and cash equivalents, inventories, trade debtors and other receivables. Most firms do not ensure optimal level of working capital and this has been a major obstacle to their overall profitabilty. The study examined the impact of working capital management and profitability of listed pharmaceutical firms in Nigeria. The study found that working capital management (account receivables collection management, accounts payables management, inventory management, cash conversion cycle management, operating cash flow management) has a significant impact on the profitability of listed pharmaceutical firms in Nigeria. It is therefore recommended among others that managers should focus on reducing inventory days, collect receivable as soon as possible because it is better to recieve inflows sooner than later, and delay payment of creditors inorder to invest the money in short-term securities which are profitable. Also, the cash conversion cycle should be elongated to the extent that it maximizes profit.
ABSTRACT
Fiscal accountability is central to public financial management. Public financial management cannot be realized without effectiv...
Abstract
A local government is semi-autonomous territorial unit created by the constitution or general laws of a state...
ABSTRACT
Over the years, the major challenge facing the female folk is discrimination and unfair treatment in the society. This work disc...
ABSTRACT
Despite the increasing disciplinary and career related challenges, not much focus has been placed on Undergradu...
ABSTRACT
The study examines the effect of polygamy and large family size on students’ academic pe...
BACKGROUND OF THE STUDY
Financial Accounting is based on principles that may be shown using basic teach...
Abstract
The major concern of this research work is to assess the role of Idemili South Local Government Area of Anambra...
ABSTRACT
This study was carried out to Internal auditing as an instrument for effective m...
ABSTRACT
In WebQuest online learning Strategies, students are given the opportunity to search using the selected websites. Teacher usuall...
Abstract
The research analyzed viewership preferences of foreign and local television station among Nigeria...