FINANCIAL RATIO ANALYSIS: ITS ROLE AND RELEVANCE TO THE MANAGEMENT AND INVESTORS
FINANCIAL RATIO ANALYSIS: ITS ROLE AND RELEVANCE TO THE MANAGEMENT AND INVESTORS
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Date
1988-10
Authors
KURE, AUDU WAYO
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Abstract
This project was written on the basis of the
data gathered, interpreted and evaluated on four
manufacturing companies in Nigeria such as Nigerian
Breweries Limited (NBL) Guiness Nigeria Limited
(GNL), United Nigerian Textiles Limited (UNTL) and
Arewa Textiles Limited (ATL).
The uses of financial ratios be investors,
management, workers and government were stressed.
The ratio selection for thia analysis inoludes
l i q u i d i t y p r o f i t a b i l i t y , debt and a c t i v i t y r a t i o s.
The l i t e r a t u r e review of financial ratios such
as Predictive Ability of financial r a t i o s . Rapid
Growth Firms, Profitable firms and t h e i r relations to
financial r a t i o s , Bond rating and Default Detecting
Ability of Financial Ration etc - has been carried
out and incorporated in this project. Literature
review provider, information as to how an attempt
could be made to predict the success or failure of
selected firms.
Analysis and comparison were made between Nigerian
Breweries Limited (NBL) and Guinness Nigeria Limited
(GNL) which produce similar products and a similar
effort was made on United Nigerian Textiles Limited
(UNTL) and Arewa Textiles Limited (ATL).
These companies had similar problems duo to the
general recession in the economy during the period
reviewed by the analyst.
It has been possible to conclude that efficient
management is necessary in all business units to
improve their performance and progress.
Description
A project submitted to the Postgraduate School,
Ahmadu Bollo University, Zaria in partial fulfilment
of the requirements for the award of Master of Business
Administration, (MBA) degree Department of: Business Adminstration
Faculty of: Administration.
Ahmadu Bello University,
Zaria.
October 1988
Keywords
FINANCIAL,, RATIO,, ANALYSIS:,, RELEVANCE,, MANAGEMENT,, INVESTORS