WORKING CAPITAL DECISIONS AND PROFITABILITY OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA: EMPIRICAL EVIDENCE FROM CHAMPION BREWERIES PLC

Student: Idara Akpan Afangideh
Supervisor: Mr Obot Udo
HOD: Dr Ekubiat Udo
Department of Accounting
School of Business and Management
AKWA-IBOM STATE POLYTECHNIC (IEI), IKOT-OSURUA, AKWA IBOM STATE

Abstract

The study examined working capital decision and profitability of listed consumer’s goods companies in Nigeria: empirical evidence Champion Breweries Plc”. Ex-post facto research designs. Secondary methods of data collection were used in gathering relevant data for this research work. Secondary source was the use of financial summary from Zenith Bank Plc 2014-2023. The researcher adopted longitudinal trend survey method using ex-post facto model. Data were collected, coded and analyzed using simple linear regression to test hypothesis and simple percentages and frequency tables were used to analyze the responses from respondents. The result revealed that there is a significant Influence of working capital decisions and profitability of listed consumers’ goods companies in Nigeria, Provision of training and development opportunities for employees on working capital management best practice, Implement a robust accounts receivable management system to ensure timely payment from customers. Perform regular analysis of working capital components, including accounts receivable, accounts payable, inventory, and cash.

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