TABLE OF CONTENTS

Contents                                                                                                                      Page

Title Page                                                                                                                    i

Declaration                                                                                                                  ii

Certification                                                                                                                iii

Approval Page                                                                                                                        iv                    

Dedication                                                                                                                  v

Acknowledgement                                                                                                      vi                    

Table of Contents                                                                                                       vii

Abstract                                                                                                                      ix

CHAPTER ONE

INTRODUCTION

1.1              Background to the Study                                                                               1

1.2              Statement of The Problem                                                                              3

1.3              Objectives of the Study                                                                                  4

1.4              Statement of Hypothesis                                                                                4

1.5              Significance of the Study                                                                               4

1.6              Scope of the Study                                                                                         5

1.7              Definition of  key Terms                                                                                 5

CHAPTER TWO

LITERATURE REVIEW

2.1        Introduction                                                                                                    6

2.2        Concept of Working capital                                                                            6

2.2.1        Cash Management                                                                                          7

2.2.2        Account Receivable (Management of debtor)                                                10

2.2.3        Inventory Management                                                                                   11

2.2.4    Marketable Securities                                                                                      13

2.2.5    Management of Current Liabilities                                                                 14

2.3       Factors Determining Working Capital Requirement                                      15

2.4       Impact of Inflation on Working Capital Requirement                                   18

2.5       Principles of Working Capital                                                                         20

2.6       Approaches to Working Capital Financing                                                     21

2.7       Optimum Level of Working Capital                                                               22

2.8       Liquidity Vs Profitability                                                                               23

2.9       Inefficient Working Capital Management                                                      25

2.10     Effects of Working Capital Management on Business Profitability              26

2.11     Measures To improve Working Capital                                                          28

2.12     Summary                                                                                                         29

CHAPTER THREE

RESEARCH METHODOLOGY

3.1        Introduction                                                                                                    30

3.2        Population of Study                                                                                        30

3.3        Sample and Sampling Technique                                                                    30

3.4        Sources of Data                                                                                              31

3.5        Method of Data Collection                                                                             31

3.6        Method of Data Analysis                                                                               32

3.7        Vallidity and Reliability of Method and Instrument Used                            32

3.8        Summary                                                                                                         32

CHAPTER FOUR

DATA PRESENTATION, ANALYSIS AND INTERPRETATION

4.1       Introduction                                                                                                    34

4.2       Characteristics of Respondents                                                                      34

4.3       Data Presentation                                                                                            36

4.4       Data analysis                                                                                                   37

4.5       Test of Hypotheses                                                                                         39

4.6       Discussion of Results                                                                                      43

4.7       Summary                                                                                                         44       

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

5.1        Summary                                                                                                         45

5.2        Conclusion                                                                                                      45

5.3        Recommendations                                                                                          46

Bibliography                                                                                                   47

Appendices                                                                                                     49

ABSTRACT

Poor financial management affect smooth business operation and also contribute to most business failure.Most companies operate amidst problem of poor working capital management which in turn affects maximization of profit and the reduction in losses over theyears.
In most cases, decisions affecting components of working capital are taken based on subjective rather than objective(s) judgment. It is the light of the above that this study, examines the impact of working capital management in enhancing performance in NBC Plc, Kaduna. Data for the study were gathered from both primary and secondary sources; the instrument of primary data includes questionnaire and direct observation, while secondary source utilizes published and unpublished text materials. Data were presented and analyzed using both qualitative and quantitative using simple percentage, 5-point likert scale, mean score and chi-square was used to test the hypotheses formulated for the study.

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