{"id":15252,"date":"2023-05-17T04:07:35","date_gmt":"2023-05-17T04:07:35","guid":{"rendered":"https:\/\/file.currentschoolnews.com\/?post_type=product&p=15252"},"modified":"2023-05-17T07:47:27","modified_gmt":"2023-05-17T07:47:27","slug":"application-of-accounting-ratios-in-measuring-solvency-of-small-scale-industries-in-the-manufacturing-sector-of-cross-river-state-nigeria","status":"publish","type":"product","link":"https:\/\/pastexamquestions.com\/product\/application-of-accounting-ratios-in-measuring-solvency-of-small-scale-industries-in-the-manufacturing-sector-of-cross-river-state-nigeria\/","title":{"rendered":"Application of Accounting Ratios in Measuring Solvency of Small Scale Industries in the Manufacturing Sector of Cross River State, Nigeria"},"content":{"rendered":"

Download Application of Accounting Ratios in Measuring Solvency of Small Scale Industries in the Manufacturing Sector of Cross River State, Nigeria<\/strong><\/span>. Vocational Teacher Education students who are writing their projects can get this material to aid their research work.<\/span><\/span><\/p>\n

Abstract<\/b><\/span><\/h2>\n

This research study is aimed at determining the Accounting ratios applied in measuring solvency of Small Scale Industries in the Manufacturing Sector of Cross River State. This research purpose was motivated by the preponderance of Small Industries failure in Cross River State due to poor business financial conditions.<\/p>\n

The design adopted is descriptive survey. The study was guided by seven research questions and seven hypotheses. The instruments used were questionnaire and an interview schedule.<\/p>\n

Population for the study comprised 667 respondents made up of 345, 163 and 159 Accounting staff working in Palm Oil, Wood; and Bread Baking Factories, respectively. The entire population was studied. Data collected were analyzed using mean and standard deviation for research questions and ANOVA for hypotheses.<\/p>\n

The major findings are as follows: (1) Processes relating to accounting ratios applied by Small Scale Industries are: computing the value of total current assets and current liabilities, conducting analysis of debtors to ascertain doubtful balances,<\/p>\n

ascertaining equity capital from total capital, determining gross and net profits, computing cost of goods sold; and determining the value of average inventory for the year end.\"\"<\/a><\/span><\/p>\n

Introduction<\/span><\/span><\/strong><\/span><\/h2>\n

Accounting is a service activity. It is a statement of economic dealings captured in digits and letters according to predetermined book-keeping standard. Garbut in Okechukwu, Eneje and Okafor (2004) defined accounting as a discipline concerned with the recording, analyzing and forecasting of income and wealth of business and other entities.<\/p>\n

Ekwere (2005) opined that accounting has as its primary objective, to ascertain economic effects and communication of the economic result to the external decision makers.<\/p>\n

Accounting provides a platform for the analysis and interpretation of financial information in a manner that would be useful and meaningful to users of the said information. This is normally achieved using ratios and other accounting tools (Igben, 2004).<\/p>\n

Ratios form the bases of financial performance measurement. Aborode (2004) explained that accounting ratio is a proportion or fraction or percentage expressing the relationship between one item in a set of financial statements and another item in the same financial statements.<\/p>\n

Agara (2005) noted that ratios are indices derived from expressing the relationship between financial data. In financial statement analysis, a ratio is used as a bench mark for evaluating the financial position and performance of a firm.<\/p>\n

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