FINANCIAL RATIOS AS EVALUATORS OF BUSINESS

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dc.contributor.authorSOJE, BEN OBAMO
dc.date.accessioned2014-03-22T10:55:44Z
dc.date.available2014-03-22T10:55:44Z
dc.date.issued1995-10
dc.descriptionSubmitted in partial fulfillment of the requirements for the award of the Degree of Masters in Business Administration (MBA) ABU, Zaria.en_US
dc.description.abstractABSTRACT Evaluation of the performance of a business is important to both Management and Investors if the business must guide against human and material distress. Since performance is an indication of how efficiently resources are being utilized, it is pertinent to note that the import of its evaluation must be carefully and rigorously studied. This project is thus aimed at studying, interpreting and evaluating the performance Of Peugeot Automobile Nigeria Limited, a multi-National company jointly owned by Nigerian (60%) and Automobile Peugeot of France (40%) using twenty (20) Financial Ratios as a tool of Financial Analysis. The study revealed that out of the Financial ratios adopted for Peugeot Automobile Nigeria Limited, Three ratios gave possible reasons for the various problem of the company, ranging from (inflation, stringent credit squeeze, inefficient use of fixed assets, slow moving incentives, under trading and operating losses), while others ratios indicated various problems and their effect on various aspects of the company's productivity levels. Six of the twenty ratios namely; Fixed asset turnover, Sales to working capital, Gross profit margin, Net profit margin, Stock Turnover, Interest cover ratios are good evaluators of the company's performance. While others indicated various problems and their effect on various aspects of the company's productivity levels. The result of the Multiple Discriminant Analysis of the Altman Model also indicated financial difficulties. Among this are; excessive fixed assets, slow-moving incentives, hyper-cost push inflation, stringent credit squeeze etc. Important recommendations were made for the improvement and management of the company business risk. The resulting ratios will assist the company's creditors and investors to identify and quantify risks, as well as quantifying the management's ability to handle such risks.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/4168
dc.language.isoenen_US
dc.subjectFINANCIAL,en_US
dc.subjectRATIOS,en_US
dc.subjectEVALUATORS,en_US
dc.subjectBUSINESS,en_US
dc.titleFINANCIAL RATIOS AS EVALUATORS OF BUSINESSen_US
dc.typeThesisen_US
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