The Effect Of Working Capital Management On The Profitability Of An Organization (a Case Study Of Selected Quoted Manufacturing Companies In Nigeria)

ABSTRACT The study empirically assessed the effect of working capital on the profitability of an organization using selected quoted manufacturing companies across different industries in Nigeria. The inability of many organizations to effectively manage their working capital in such a way that it will lead to a sustainable performance has been identified as the bane of organizational growth in Nigeria. The study applied ordinary least square i.e multiple regression analysis as its estimating technique. A model that expressed return on capital employed which is a proxy for organization perf…