International Journal of Social Sciences and Humanities Review, 2013
This study undertakes an analysis of the role of working capital on the profitability of United N... more This study undertakes an analysis of the role of working capital on the profitability of United Nigeria Textiles PLC. The major objective of the paper is to examine if working capital has an impact on the profitability of United Nigeria Plc. The paper adopted a one way Analysis of Variance (ANOVA) method of data analysis. The estimated ANOVA result showed that there is significant relationship between the quantum inventory and the profitability of United Nigeria Textiles Plc. This confirms that working capital has an impact on the profitability of United Textiles Plc. Suggestive from the analysis therefore is to avoid the danger associated to both excessive and inadequate inventory levels. Inventory should be effectively managed to make the best out of it.
International Journal of Social Sciences and Humanities Review, Aug 30, 2013
This study undertakes an analysis of the role of working capital on the profitability of United N... more This study undertakes an analysis of the role of working capital on the profitability of United Nigeria Textiles PLC. The major objective of the paper is to examine if working capital has an impact on the profitability of United Nigeria Plc. The paper adopted a one way Analysis of Variance (ANOVA) method of data analysis. The estimated ANOVA result showed that there is significant relationship between the quantum inventory and the profitability of United Nigeria Textiles Plc. This confirms that working capital has an impact on the profitability of United Textiles Plc. Suggestive from the analysis therefore is to avoid the danger associated to both excessive and inadequate inventory levels. Inventory should be effectively managed to make the best out of it. Working capital refers to a firm's investment in short term assets such as cash, short term securities, account receivable and inventories that deal with dynamic aspects of business like the acquisition of raw materials, credit granting, honouring of debt and utilization of excess cash, which has a positive influence on firms profitability (Brigham and Gapenski 1996). According to pandy (2002) working capital refers to the administration of all aspects of current assets (inventory, cash, debtors etc) and current liabilities. Due to the role played by working capital in an organization, working capital management is gaining prominent attention among financial managers. This can be seen in the amount of time that is being spent in its efficient management. As a result of the above, Osaze and Anao (1996) concluded that working capital, especially inventories, has tremendous impact on the firm's ability to achieve its fundamental objectives of survival, which is as a result of profit. Mamman (2002) opined that inventories form a linkage between production and sale of goods or services, which if efficiently managed and controlled, positively effects profitability of corporate organisation. This topic was chosen on the basis that the vital role of working capital has been an issue of concern due to the important role played by it to the success of any business, the textile business inclusive. Also, profitability
The paper seeks to examine the activities of Multinational corporations (MNCs) in Nigeria and how... more The paper seeks to examine the activities of Multinational corporations (MNCs) in Nigeria and how it has influenced the Nigerian economy. Specifically, it analyses how MNCs has served as agents of imperialism in any economy where they operate. Most economists believe that the MNCs are exploitative as natural resources found in developing countries such as in Nigeria meant for its development are not productively utilized due to de-capitalization of the economy in form of profit repatriation. It argues however that in spite of the negative activities of MNCs however, they contribute positively in the areas of technological development and creation of employment opportunities. The paper sorts out to examine the nature, objective and operations of MNCs in the Nigerian economy.
GLOBAL JOURNAL OF APPLIED, MANAGEMENT AND SOCIAL SCIENCES, 2015
The low availability of Loans and Advances from deposit money banks in Nigeria to individuals and... more The low availability of Loans and Advances from deposit money banks in Nigeria to individuals and firms has been a long standing issue. Consequently, this study investigated the determinants of Loans and Advances in Nigeria focusing attention on liquidity ratio, Interest rate, rate of inflation, loan deposit ratio and cash reserve ratio. Data from deposit money banks in Nigeria showing performance indices was obtained through secondary sources of the Central Bank of Nigeria (CBN) Statistical Bulletin over the period 1994-2013. The data was analysed using Ordinary Least Square Regression Technique and the findings revealed that Liquidity ratio, rate of inflation, Loan deposit ratio and Cash reserve ratio had negative statistical significance with loans and advances while Interest rate had negative statistical insignificance with loans and advances. It was recommended amongst others that government should put in place a policy that will reduce liquidity ratio, Interest rate, rate of i...
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Papers by Godwin Osuagwu