EFFECTIVE WORKING CAPITAL MANAGEMENT IN THE TEXTILE INDUSTRY: (A CASE STUDY OF AREWA TEXTILE PLC)

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Date
2014-04-17
Authors
AIMUAN, FELIX EDEWOR
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Abstract
Crucial to the survival of a company is the efficient and effective management of the resources at its disposal during any given period and among the most important of these resources is working capital. Working capital management is based mainly on the concept of liquidity. Liquidity is the ability to realize value in money, taking into consideration the time necessary to convert an asset into money and the degree of certainty of the price to be realized for the asset. Liquidity management helps to avoid the probability of insolvency. It means proper sources of finance bearing in mind costs and benefits. The essence of liquidity management has been set out as safety, liquidity and profitability to which can now be added the management of risk. Sound financial management, therefore, is represented by the effectiveness with which the organization has been able to manage the components of the receivables, marketable securities and cash and current liabilities. These components need attention to generate operation efficiencies as represented by greater profitability.
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A PROJECT SUBMITTED TO THE POSTGRADUATE SCHOOL, AHMADU BELLO UNIVERSITY ZARIA. IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION (MBA), DEPARTMENT OF BUSINESS ADMINISTRATION, FACULTY OF ADMINISTRATION, AHMADU BELLO UNIVERSITY, ZARIA
Keywords
EFFECTIVE,, WORKING,, CAPITAL,, MANAGEMENT,, TEXTILE INDUSTRY,, CASE STUDY,, AREWA ,, TEXTILE PLC
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