WORKING CAPITAL MANAGEMENT AND FIRMS PERFORMANCE A STUDY OF MANUFACTURING COMPANIES IN NIGERIA
ABSTRACT This study investigated the relationship between working capital management measured by account receivable period (ACRP), inventory period (INVP), cash conversion cycle (CCC) and sales Growth (SG) and profitability performance measured by returns on assets (ROA). The study utilized secondary data obtained from the annual financial statements of Nigerian Manufacturing companies listed on the Nigerian Stock Exchange (NSE) for period 2008 – 2012. Multiple regression model were adopted for testing ...
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