ABSTRACT
Accounting ratio is the most important factor used by management, creditors, investors and other users of financial statement in carrying out most business decisions. It uses an application in making most business decisions remain inevitable.
This study has, therefore been divided into five chapters; the first chapter briefly introduced the topic by looking at the definition of accounting ratio; it contains the statement of problems, the objective of the study and the limitation of the study.
The second chapter, which contains the profile of Nigerian Breweries PLC deals with the review of related literature on the topic.
Chapter three deals with the method of carrying out the research methodology.
Chapter four appraises the analysis and interpretation of data collected from respondents.
Finally, chapter five included the summary, recommendations and conclusion. Any errors either by omission or commission are entirely unintentional and deeply regretted.
TABLE OF CONTENTS
TITLE PAGE II
APPROVAL PAGE III
DEDICATION IV
ACKNOWLEDGEMENT V
ABSTRACT VII
TABLE OF CONTENTS IX
CHAPTER ONE
1.0 INTRODUCTION 1
1.1 BACKGROUND OF THE STUDY 1
1.2 STATEMENT OF PROBLEMS 4
1.3 OBJECTIVES OF STUDY 5
1.4 RESEARCH QUESTIONS 6
1.5 SIGNIFICANT OF THE STUDY 7
1.6 FORMULATION OF HYPOTHESIS 8
1.7 SCOPE AND LIMITATION OF STUDY 10
1.8 DEFINITION OF TERMS 12
CHAPTER TWO
2.0 LITERATURE REVIEW 15
2.1 PROFILE OF NIGERIAN BREWERIES PLC 15
2.2 REVIEW OF LITERATURE 17
2.3 STANDARD OF COMPARISON 19
2.4 RATIO AS PREDICTION OF BUSINESS FAILURE: AN EMPIRICAL APPROACH 25
2.5 CLASSIFICATION OF ACCOUNTING RATIOS 26
2.6 TYPES OF RATIOS 28
2.7 SIGNIFICANCE OF RATIOS 50
2.8 LIMITATIONS OF ACCOUNTING RATIOS 52
2.9 INFLATION AND ACCOUNTING RATIOS. 55
2.10 CRITERIA FOR ACCOUNTING RATIOS 56
CHAPTER THREE
3.0 RESEARCH DESIGN AND METHODOLOGY
3.1 SOURCES OF DATA 63
3.1.1 PRIMARY SOURCE 63
3.1.2 SECONDARY SOURCE 64
3.2 INTERVIEW QUESTIONS (COLLECTION METHOD INSTRUMENT) 64
3.2.1 QUESTIONNAIRE 65
3.2.2 INTERVIEWS 65
3.2.3 LIBRARY RESEARCH 66
3.3 DETERMINATION OF SAMPLE SIZE 66
3.4 METHOD OF INVESTIGATIONS 67
3.5 STATISTICAL METHODS USED FOR –
DATA ANALYSIS. 67
CHAPTER FOUR
4.0 DATA PRESENTATION AND ANALYSIS 69
4.1 AN OVERVIEW 69
4.2 TESTING OF HYPOTHESIS 85
CHAPTER FIVE
5.0 SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 SUMMARY 102
5.2 CONCLUSION 103
5.3 RECOMMENDATIONS 105
BIBLIOGRAPHY 109
APPENDIX 111
QUESTIONNAIRE 113