Effectiveness Of Working Capital Management In Small Scale Industries (A Case Study Of Marshal Paint And Chemical Limited Enugu)

Michael Okpara University | 75 pages (9322 words) | Projects
Accounting | Co Authors: OMEKARA NKIRUKA GLADYS

ABSTRACT

One of the major objectives of most business organization is profitability. However, it is generally believed that liquidity is more important than profitability. The working capital by all standards is being regarded as the live-wire of any business organization. It is particularly important in the daily maintenance and running expenses involving cash. Effective management of working capital is important to both 1are and small firms. However, it has been recognized that one of the greatest problems of paint industries is the lack of effective and efficient management of the resources at their disposal. The review of related literature reviews the composition of working capital, uses of working capital, sources of working capital etc. The researcher uses both primary and secondary sources of data. In collecting data for the study, well structured questionnaires were administered to a sampling population of 66 people. The data collected was analyzed using percentage of ANOVA. It was found out that the company has working capital policies guiding their management. Lack of effective and efficient management of the resources at their disposal affects working. capital management. Based on the findings,, the research recommends that the Marshal Paint and Chomical Limited, Enugu Company should try to maintain a right' amount of working capital on a continuous basis; the company should try to motivate their workers etc.

Overall Rating

0.0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

MICHAEL, U (2021). Effectiveness Of Working Capital Management In Small Scale Industries (A Case Study Of Marshal Paint And Chemical Limited Enugu). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/effectiveness-of-working-capital-management-in-small-scale-industries-a-case-study-of-marshal-paint-and-chemical-limited-enugu-7-2

MLA 8th

UNIVERSITY, MICHAEL. "Effectiveness Of Working Capital Management In Small Scale Industries (A Case Study Of Marshal Paint And Chemical Limited Enugu)" Mouau.afribary.org. Mouau.afribary.org, 16 Sep. 2021, https://repository.mouau.edu.ng/work/view/effectiveness-of-working-capital-management-in-small-scale-industries-a-case-study-of-marshal-paint-and-chemical-limited-enugu-7-2. Accessed 28 Nov. 2024.

MLA7

UNIVERSITY, MICHAEL. "Effectiveness Of Working Capital Management In Small Scale Industries (A Case Study Of Marshal Paint And Chemical Limited Enugu)". Mouau.afribary.org, Mouau.afribary.org, 16 Sep. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effectiveness-of-working-capital-management-in-small-scale-industries-a-case-study-of-marshal-paint-and-chemical-limited-enugu-7-2 >.

Chicago

UNIVERSITY, MICHAEL. "Effectiveness Of Working Capital Management In Small Scale Industries (A Case Study Of Marshal Paint And Chemical Limited Enugu)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/effectiveness-of-working-capital-management-in-small-scale-industries-a-case-study-of-marshal-paint-and-chemical-limited-enugu-7-2

Related Works
Please wait...