The significance of the service industries in the economic development of Nigeria cannot be undermined. However, liquidity problems constitute a major constraint on the development of this industry.
This study addresses the practical measures in the service industries needs to adopt and effectively manage their liquid resources especially taking cognizance of the current economic recession in the country.
This study shows that economic recession and over investment in stock are the major causes of liquidity problems in the service industries. The researcher discovered that the firms in the service industries have adopted several measures in an attempt to solve the problem. The basis of recommendation is a more efficient liquid management practice as well as the need for the government to revert the distress economy. The recommendation outlined in Chapter three, if meticulously implemented, will ease the liquidity problem of service industry.
TABLE OF CONTENTS
TABLE OF CONTENTSVIII
1.2STATEMENT OF THE PROBLEM2
1.3OBJECTIVES OF THE STUDY3
1.4SIGNIFICANCE OF THE STUDY3
1.5DELIMITATION, SCOPE AND LIMITATIONS4
1.6DEFINITION OF TERMS5
2.0REVIEW OF RELATED LITERATURE7
2.1THE CONCEPT OF LIQUIDITY7
2.2LIQUIDITY VS PROFITABILITY8
2.3ENHANCING LIQUIDITY THROUGH
EFFICIENT MANAGEMENT OF CASH AND MARKETABLE SECURITIES.9
2.4ENHANCING LIQUIDITY THROUGH EFFICIENT RECEIVABLE MANAGEMENT11
2.5ENHANCING LIQUIDITY THROUGH EFFICIENT INVENTORY MANAGEMENT14
2.6LIQUIDITY CIRCULATION FLOW SPEED’S16
3.0FINDINGS, RECOMMENDATIONS AND CONCLUSION19
3.1DISCUSSION OF FINDINGS19
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