WORKING CAPITAL MANAGEMENT IN PHARMACEUTICAL RETAILING: A case study of Karu Pharmaceutical Company Limited, Zaria
Abstract
This paper empirically investigates the relationship between the components of working capital and firms’ profitability of firms in the pharmaceutical industry. We undertake profitability (return on assets) as a dependent variable and the inventory conversion period (ICP), the average collection period (ACP), the average payment period (APP), and the cash conversion cycle (CCC) are used as independent variables and are considered for measuring working capital management. The data were taken from secondary data source named as “Pharmaceutical company Ltd, Zaria., covering the period from 2012–2013 to 2016–2017.” The correlation result shows that profitability has an insignificant positive relationship of APP and significant positive relationship of total assets. Even though, ICP, ACP and CCC were significant negatively related to profitability. The results show that for overall pharmaceutical industry, working capital management has significant impact on the profitability of the firms.
TABLE 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
WORKING CAPITAL MANAGEMENT IN PHARMACEUTICAL RETAILING: A case study of Karu Pharmaceutical Company Limited, Zaria
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