THE RELATIONSHIP THAT EXISTS BETWEEN CURRENTS ASSETS AND PROFITABILITY OF FIRMS IN THE NIGERIAN BREWING INDUSTRY
Abstract
Abstract
The study examined the relationship that exists between currents assets and profitability of firms in the Nigerian brewing industry with particular reference to Pepsi Plc. The Study specifically examined the relationship between inventory and profit for the year of Nigeria brewery Plc, trade and other receivables and profit for the year of Nigeria brewery Plc., prepayments and profit for the year of Nigeria brewery Plc. also investigated the relationship between cash and cash equivalent and profit for the year of Nigeria brewery Plc.. The study made use of ex-post factor research design, data for the study was sourced through annual report and accounts of the sampled firm. The collected data were analysed using regression analysis. Result of the analysis showed that Inventory has positive and significant relationship with profit for the year of Nigeria brewery Plc.. A positive and significant relationship exists between trade and other receivables and profit for the year of Nigeria brewery Plc. Prepayments have positive and significant relationship with profit for the year of Nigeria brewery Plc.. Cash and cash equivalent has positive and significant relationship with profit for the year of Nigeria brewery Plc.. based on the findings, the study recommended among others that Brewery firms in Nigeria should improve on their inventory system, to suit specific needs of production and as well as maximize space and timely delivery to avoid staying off production as the study found out that inventory does not have positive and significant effect on profit for the year.
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