- : Ms Word, Ms Word Format
- : 75 Pages
- : ₦5000
- : 1-5 Chapters
- Click to DOWNLOAD Materials
THE USE OP FINANCIAL RATIOS IN THE EVALUATION OP CORPORATE PERFORMANCE: A CASE STUDY OF TWO SELECTED TEXTILE COMPANIES IN KADUNA
ABSTRACT
This project deals with the analysis of results of Arewa Textiles Plc and United Nigerian Textiles Plc (consolidated) all in Kaduna, over a period of five years (1987-1991). A total number of 14 (fourteen) ratios were used to analyse their performances over the said period. The current ratio for the two companies falls below the traditional standard of 2:1. On the whole, Arewa Textiles Plc has better performance over the five years. The Acid test ratio for the two companies also falls below the ideal situation of 1:1. However, the result of United Nigerian Textiles Plc (consolidated) is better off over the period under review. The debt ratios for the two companies fluctuated with United Nigerian Textiles Plc (consolidated) having higher ratios in the first two years. United Nigerian Textiles Plc (consolidated) also has higher stock turnover ratios over the years than Arewa Textiles Plc. On the other hand, Arewa Textiles Plc has shorter average collection period. The profitability ratios also indicate that United Nigerian Textiles Plc (consolidated) has higher return on capital employed in the first two oyears while Arewa Textiles moved higher in the last three years. The profit margin on sales also shows that United Nigerian Textiles Plc has better result in the first four years. However, the Return on Total Assets for Arewa Textiles are higher in the first three (vii) years and year five. The Return on Equity for United Nigerian Textiles Plc is higher in the first two years while Arewa Textiles has higher returns in the last three years. The Earnings Per Share ratio shows higher returns for Arewa Textiles over the five years. The dividend per share for Arewa Textiles Plc is also greater in the first three years and year five. Having identified the difficulties and shortcomings depicted by the above ratios, a number of recommendations are therefore outlined to rectify their poor financial positions.
ABLE OF CONTENT
Title page- – – – – – – – – i
Approval page – – – – – – – -ii
Dedication – – – – – – – – -iii
Acknowledgement – – – – – – – -iv
Abstract – – – – – – – – – -v
Table of content – – – – – – – -vi
CHAPTER ONE
INTRODUCTION – – – – – – – -1
1.0 Background of the study – – – – -1
1.1 Statement of the problem – – – – -5
1.2 Purpose of the study – – – – – -6
1.3 Significance of the study – – – – -8
1.4 Research questions – – – – – -9
1.5 Scope of the study – – – – – – -10
CHAPTER TWO
LITERATURE REVIEW – – – – – – -11
CHAPTER THREE
Research methodology – – – – – – -39
Design of study – – – – – – – -40
CHAPTER FOUR
Presentation, analysis and interpretation of data – -48
CHAPTER FIVE
Summary of findings – – – – – – -60
Conclusion – – – – – – – – -61
Recommendations – – – – – – – -62
Suggestions for further research – – – – -64
References – – – – – – – – -65
Appendix I – – – – — – – – -68
Questionnaire. – – – – – – – -69
THE USE OP FINANCIAL RATIOS IN THE EVALUATION OP CORPORATE PERFORMANCE: A CASE STUDY OF TWO SELECTED TEXTILE COMPANIES IN KADUNA
