ABSTRACT
This work tilled "the impact of working capital
management on the profitability of manufacturing company is wholly anchored on
the efficient management of working capital of manufacturing companies in order
to enhance their profitability. Some of the problems that prompted the
researcher to go into this area of study includes: problem of determining the
kind of relationship that exist between working capital and profitability of
manufacturing firms and problem of determining how appropriate working capital
management can affect the profitability of manufacturing firms. This leads to
the formulation of the research objectives which include: To determine the kind
of relationship that exist between working capital and profitability and also
to determine how appropriate management of working capital can affect the
profitability of the manufacturing companies. Two hypotheses were stated in a
null form (Ho) for the purpose of this research of which one of then is that
"there is no significance relationship between working capital and
profitability. For the purpose of this study the researcher studied some
selected staff of Nigerian Bottling Company Owerri plant and the data collected
were through secondary data sources (e.i fmancial summaries of the company).
The data were analysed with simple regression and after analysis, the researcher
found out that there is a negative relationship between working capital and
profitability of a firm also that proper working capital management affects the
profitability. This led the researcher to recommend the following. Cash budget
should be prepared to project the cash requirement so that excess cash can be
invested in short term investment basis and also. The responsibility of the
company's working capital can be assigned to a responsible officer for proper
attention.
UZOARU, E (2021). Impact Of Working Capital Management On The Profitability Of Manufacturing Company. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-profitability-of-manufacturing-company-7-2
EMMANUEL, UZOARU. "Impact Of Working Capital Management On The Profitability Of Manufacturing Company" Mouau.afribary.org. Mouau.afribary.org, 23 Nov. 2021, https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-profitability-of-manufacturing-company-7-2. Accessed 31 Oct. 2024.
EMMANUEL, UZOARU. "Impact Of Working Capital Management On The Profitability Of Manufacturing Company". Mouau.afribary.org, Mouau.afribary.org, 23 Nov. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-profitability-of-manufacturing-company-7-2 >.
EMMANUEL, UZOARU. "Impact Of Working Capital Management On The Profitability Of Manufacturing Company" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-profitability-of-manufacturing-company-7-2