ABSTRACT
The change of stance of policy
and strategy has affected the profitability level of many manufacturing firms.
The study was spurred by the reportedly inefficient in working, management. One
way of bringing a positive profitability levels is the effective management of
working capital. A manufacturing firm in Port-Harcourt firms the focus of our
study. Chapter one of this study received the background of the entire work and
the definition of the subject matter. The literature review in chapter two
deals with the concept of working capital, the need for working capital and
determination of working capital among other things. The major methods of
investigation were the study approach, and interviews method in the data
analysis as discussed in chapter three. Questionnaires were raised and
hypotheses tested using chi-square method in chapter four, it was based on
that, the finding reveals that the level of working capital in the firm is
fair. This was elicited through the questionnaires raised where all the responses
were agreed to the fact that good management of working capital affects the
profitability of the firm and all the responses were the view that working
capital management are indispensable in an organization. Findings also revealed
that profitability has direct ways with working capital and the low liquidity
level of the firm. It was also on record that the management has luke-worm
attitude towards investment. However, converted effect should be workers and
improvement in the community relations as these could maximize the profit of
the organization. Improvement in the workers welfare could also reduce the
level of fraud and pilferage committed by the officers in their respective
offices. These were postulated in chapter five.
ODINKEMERE, S (2021). Working Capital Management: Effect On Business Profitability (A Study Of Rison Palm Limited, Port-Harcourt, Rivers State.). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/working-capital-management-effect-on-business-profitability-a-study-of-rison-palm-limited-port-harcourt-rivers-state-7-2
S, ODINKEMERE. "Working Capital Management: Effect On Business Profitability (A Study Of Rison Palm Limited, Port-Harcourt, Rivers State.)" Mouau.afribary.org. Mouau.afribary.org, 14 Jul. 2021, https://repository.mouau.edu.ng/work/view/working-capital-management-effect-on-business-profitability-a-study-of-rison-palm-limited-port-harcourt-rivers-state-7-2. Accessed 01 Nov. 2024.
S, ODINKEMERE. "Working Capital Management: Effect On Business Profitability (A Study Of Rison Palm Limited, Port-Harcourt, Rivers State.)". Mouau.afribary.org, Mouau.afribary.org, 14 Jul. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/working-capital-management-effect-on-business-profitability-a-study-of-rison-palm-limited-port-harcourt-rivers-state-7-2 >.
S, ODINKEMERE. "Working Capital Management: Effect On Business Profitability (A Study Of Rison Palm Limited, Port-Harcourt, Rivers State.)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/working-capital-management-effect-on-business-profitability-a-study-of-rison-palm-limited-port-harcourt-rivers-state-7-2