AN EXAMINATION ON THE MANAGEMENT OF WORKING CAPITAL (A CASE STUDY OF NIGERIA BAG MANUFATURING COMPANY)
ABSTRACT
This study examines the Management of Working Capital with special reference to Nigeria Bag Manufacturing Company.
This study employs survey research design. Analytically, the research adopted descriptive statistics to examine the impact of working capital in manufacturing organisations in Nigeria.
Data were basically sourced from primary method through means of a well structured questionnaire. Twenty Five (25) respondents were sampled from the population based on simple random sampling technique.
Four hypotheses were formulated and tested with the used of Chi-Square Statistical Technique. The analysis resulted into rejecting the four null hypotheses and concluding that; The working capital requirement of a business venture is dependent on the level of the business that has been established; Excessive working can increase production cost; The longer the working capitals cycle of an organization, the greater the investment in working capital; and there is no industry norm or minimum agreed level of investment in working capital.
The study proffered valuable recommendations as business organization should manager its working capital efficiently, in such a way as to avoid the ills of over capitalization and under capitalization.
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