THE EFFECT OF WORKING CAPITAL ON THE PROFITABILITY OF A FIRM (A CASE STUDY OF FIRST BANK OF NIGERIA PLC ZARIA)
Abstract
ABSTRACT
Working capital is one of the most important components that are used for determining the success of all organizations. It is the difference between organizational current assets and its current liabilities. The study used both primary and secondary source of data collection. Hypothesis has been formulated in chapter one that has to do with whether or not working capital has significant effect on the profitability of a firm. The hypothesis was tested for validation by making use of ratio, correlation and t-test analysis. Based on the analysis adopted, the alternate hypothesis has been adopted and the null rejected. The study therefore, concluded that working capital has significant effect on the profitability of a firm. Hence, based on the findings and conclusion, the study recommended that working capital should be adequately managed to ensure the smooth operation of a business.
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