Impact Of Effective Cash Management On Corporate Performance (A Study Of Nestle Nig. Plc)
ABSTRACT
The study examined impact of effective cash management on corporate performance. The specific objectives were; to determine the impact of cash ratio on the return on asset of the company, to ascertain the impact of cash turnover on the return on equity of the company and to empirically examine the impact of debtor ratio on profit after tax. This study used secondary data derived from financial statement of Nestle Nigeria Pie .. The study covered from 200 to 2015. Ordinary Least Square (OLS) regression was used to test the stated hypotheses. The study observed that cash ratio has negative and insignificant impact on the return on asset of the company, cash turnover ratio has positive and insignificant impact on the return on equity of the company and debt ratio has positive and insignificant impact on profit after tax of the study company. It was recommended that Chief financial officers of the study company should as matter of urgency exercise caution while choosing the amount· of debt to use in their capital structure since debt ratio has positive and insignificant impact on profit after tax.
Keywords: Effective cash management and corporate performance
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EZEANYA, I (2021). Impact Of Effective Cash Management On Corporate Performance (A Study Of Nestle Nig. Plc). Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-effective-cash-management-on-corporate-performance-a-study-of-nestle-nig-plc-7-2
IFEANYICHUKWU, EZEANYA. "Impact Of Effective Cash Management On Corporate Performance (A Study Of Nestle Nig. Plc)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 15 Jan. 2021, https://repository.mouau.edu.ng/work/view/impact-of-effective-cash-management-on-corporate-performance-a-study-of-nestle-nig-plc-7-2. Accessed 25 Nov. 2024.
IFEANYICHUKWU, EZEANYA. "Impact Of Effective Cash Management On Corporate Performance (A Study Of Nestle Nig. Plc)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 15 Jan. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-effective-cash-management-on-corporate-performance-a-study-of-nestle-nig-plc-7-2 >.
IFEANYICHUKWU, EZEANYA. "Impact Of Effective Cash Management On Corporate Performance (A Study Of Nestle Nig. Plc)" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-effective-cash-management-on-corporate-performance-a-study-of-nestle-nig-plc-7-2