It is the intention of this researcher to study and investigate in the paint industry the relevance effect and the importance of effective working capital man. A case study of Marshal paints and chemical company Ltd Enugu. This research proposal is concerned with the identification of liquidity and cash management of Marshal paints and leading paint company east of Niger. Finding solutions to the problems so identified and recommending them to the management for approval and implementation.
In the pilot study carried out by the researcher several discoveries wee made as to why the working capital management of the company is undertaken by a separate department.
Amongst these are efficient inventory management which results in maintenance of smooth production process, survival, profitability and growth.
The scope covered include the paint factory in Enugu and Anambra state and it is the researchers believe that the study will be of much benefit to the company, the wholesalers, retailers and consumers.
Finally, two approaches were used in collected data for the research. These are primary and secondary data.
TABLE OF CONTENT
CHAPTER ONE
CHAPTER TWO
2.1 Meaning of working capital 21
2.2 Composition of working capital 23
2.3 Factors of affecting the composition of working capital 24
2.4 Current assets 26
2.5 Current liabilities 28
2.6 Management of working capital 29
2.7 Types of working capital 30
2.8 Characteristics of working capital 30
2.9 Sources of working capital 31
2.10 Uses of working capital 33
CHAPTER THREE
3.1 Selection of data 38
3.2 Collection of data 38
3.3 Nature of data analysis 41
CHAPTER FOUR
CHAPTER FIVE
5.0 Summary and recommendation 69
5.1 Summary and findings 69
5.2 Recommendations 71
Bibliography 74
Questionnaire 77
CHAPTER ONE
INTRODUCTION
One of the major objectives of most business organisation is profitability. However, in financial management, it is generally believed that liquidity is more important than profitability. One of the reasons for this is that most organisations make profits, but do not possess enough or adequate liquid asset to off-set current obligations. Inability to make payment as t when due may definitely have serious consequences on the organisation. This situation may give rise to a loss of goodwill and furthermore any result to technical insolvency which may lead the organisation to unintended liquidation.
A second reason is that uncertain inherent in this present days economic/business environment threatens the survival of every business, thus making sound liquidity and cash management a necessity points in corporate planning. This claim is substantiated in the recent times by the fact that the importance of management of liquid asset has been gradually and systematically gaining prominence and growth in most manufactur
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