Cover page i
Certification ii
Approval page iii
Dedication iv
Acknowledgement v
Abstract

Chapter ONE

1.0 Introduction 1
1.1 Background of the study 1
1.2 Statement of the problem 6
1.3 Purpose of the Study 7
1.4 Significance of the study 8
1.5 Research Questions 9
1.6 Statements of Hypotheses 10
1.7 Scope of the Study 11
1.8 Definition of Terms 12
References 15

Chapter TWO

2.0 Review of Related Literature 16
2.1 Working Capital management and its significance to 16
the firm
2.2 Definition 16
2.3 Importance of working capital management 20
2.4 The need for working capital 22
2.5 Components of Working Capital 26
2.7 Financial Working capital 46
2.8 Profitability as a measure of the firms performance 48
References 50

Chapter THREE

3.0 Research Design and Methodology 52
3.1 Research Design 52
3.2 Sources of Data 52
3.3 Research Instrument 53
3.4 Reliability/validity of Research Instruments 54
3.5 Population 54
3.6 Sample and sampling Technique 55
3.7 Administration of Research Instruments 56
3.8 Method of Data Analysis 56
3.9 Decision Criterion for Validation of Hypotheses 57

Chapter FOUR

4.0 Data Presentation, Analysis 58
4.1 Data Presentation 58
4.2 Data Analysis 58
4.3 Testing of Hypotheses 73

Chapter FIVE

5.0 Summary of Findings, Conclusion and Recommendations 81
5.1 Summary of findings 81
5.2 Conclusion 83
5.3 Recommendations 84
Bibliography 86
Questionnaire 89