Effectiveness Of Working Capital Management In Small Scale Industries (A Case Study Of Marshal Paint And Chemical Limited Enugu)
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.
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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 01, 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
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 01 Nov. 2024.
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. 01 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 >.
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 01 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