WORKING CAPITAL MANAGEMENT AS A TOOL FOR COST MINIMIZATION AND PROFIT MAXIMIZATION

The  objective  of  this  research  work  contains  working  capital management as a tool for minimization and profit maximization with  particular  reference  to  Anambra  motor  manufacturing company, Enugu. The research design used was the survey method and the sources of data were both primary and secondary. The primary sources were interviews granted to me while the secondary sources  of  data  were  obtained  from  related  literatures  viz  text books, internet, journals by different authors. Primary sources were from  interviews  and  questionnaires.  The  data,  Hypotheses  were tested using chi-square. From the researchers findings, it is seen that profitability of a firm depend on the level of its working capital management.  Although  working  capital  management  is  creating problems  in  today’s  business  environment  due  to  global developments of science and applied in business but ANAMMCO tries here best and maintained her liquidity position. The researcher would recommend that seminars and workshops be organized for the staff and management of the company on the effect and merits of effective and efficient working capital management.