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WORKING CAPITAL MANAGEMENT, A VERITABLE TOOL FOR MANAGEMENT IN A MANUFACTURING COMPANY IN DANGOTE CEMENT COMPANY AREA OF BENUE STATE.

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1.2STATEMENT OF PROBLEMS

i Inadequate working capital in the organization

ii Failure to review the effectiveness of the existing system control

iii Inability to maintain an appropriate level of working capital in Dangote Plc

iv Inability of generate working capital for the company

v Inability to educate managers on the importance of working capital

1.3RESEARCH OBJECTIVES

i To find out whether there inadequate working capital in the organization

ii To determine whether failure to review the effectiveness of the existing system control

iii To know whether there is inability to maintain an appropriate level of working capital in Dangote plc

iv To find out whether company is not able to generate working capital for the enterprise.

v To determine whether there is inability to educate managers ion the importance of working capital

 

1.4 RESEARCH QUESTION

i Does the organization has inadequate working capital

ii Is failure to review the effectiveness of the existing system control responsible foe low level of working capital

iii Does the company maintain an appropriate level of working capital

iv Does the company generate working capital for the smooth running of the enterprise

v Does the company educate managers on the importance of working capital

1.5 SIGNIFICANCE OF THE STUDY

The study is very relevant and timely to industries and other organization in the country. In view of the fact that every economy is unsteady and there are foreign exchanges frequent stock out which leads to unprecedented closure of many business organizations, retrenchment of staff and other companies merges, bids, merge or amalgamation of companies, Assets valued at such unrealistic cost, demand for higher dividend, pay out rate by share holder etc. This study will provide useful tools and techniques to working capital management both in public and private sectors. Conclusion drawn can applied successfully to all generally.

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