Impact of liquidity management on the efficiency of manufacturing firms (a case Study of Rokana Industry Nigeria Plc., Owerri) Department: Accountancy By: opc123 Project ID: 549 Rating: (1.8) votes: 55Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThis research focuses on impact of liquidity management on the efficiency of manufacturing firms. The study sought to establish the measures of corporate liquidity management and the relationship between liquidity and profitability in manufacturing firms. Data were collected for the study using questionnaire. The opinions of managements were also sought through interviews. The population, N 100 was Rokana Industry Nigeria Plc staff and management at Owerri in Imo State of Nigeria. The Sample size, n 50, was determined by simple random sampling. The data collected were analyzed, tabulated and presented, using simple percentage and conclusions were drawn with the aid of statistical sampling of the responses of the respondents. It was found out that there is a significant impact of liquidity management on the efficiency of manufacturing firms in Nigeria. It was also discovered that an increase in current assets positively affect the efficiency and performance of manufacturing firms in Nigeria. It is recommended that to ensure better liquidity management, that is shorter cash conversion cycle, which would invariably lead to better profitability in manufacturing firms, the duration of time that goods are held in inventory should be reduced. It is also recommended that account receivables should be collected more quickly by improving the efficiency of the collection process as debt should be collected in line with the agreed credit terms. Also, managers should try to delay payables because it will provide them opportunities to invest in different profitable areas thereby increasing the firm’s profitability. Key Words: Liquidity, Current Assets, Profitability, Efficiency....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )