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New Evidence from Managing Liquidity Ratios And Industry Averages In Nigerian Textile Industry

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dc.contributor.author Fotokun, Sola
dc.date.accessioned 2016-12-08T10:06:55Z
dc.date.available 2016-12-08T10:06:55Z
dc.date.issued 2002
dc.identifier.issn 1028-0790
dc.identifier.uri http://repository.tml.nul.ls/handle/123456789/1108
dc.description.abstract This paper re-examines the theory that industry averages in Nigerian textile industryrepresent target levels for a textile firm’s liquidity ratios. The paper argues that the firm’sliquidity ratios may deviate from those of the average firm in the industry due to two factors:Size and labour intensity, then empirical test is employed to show whether variance infinancial ratios within the industry can be explained by those two factors – size and labourintensity.Also, it shows that when current assets are broken down to their various components, cashenjoys economies of scale but stock and debtors may be affected by the state of the economy.Relative stock and relative debtors are positively and significantly correlated with labourintensity factor. en_ZA
dc.language.iso en en_ZA
dc.publisher Lesotho Social Sciences Reviews en_ZA
dc.title New Evidence from Managing Liquidity Ratios And Industry Averages In Nigerian Textile Industry en_ZA
dc.type Article en_ZA


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