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 PAGEII
APPROVAL PAGEIII
DEDICATIONIV
ACKNOWLEDGEMENTV
ABSTRACTVII
TABLE OF CONTENTSIX
CHAPTER ONE
1.0INTRODUCTION1
1.1BACKGROUND OF THE STUDY1
1.2STATEMENT OF PROBLEMS4
1.3OBJECTIVES OF STUDY5
1.4RESEARCH QUESTIONS6
1.5SIGNIFICANT OF THE STUDY7
1.6FORMULATION OF HYPOTHESIS8
1.7SCOPE AND LIMITATION OF STUDY10
1.8DEFINITION OF TERMS12
CHAPTER TWO
2.0LITERATURE REVIEW15
2.1PROFILE OF NIGERIAN BREWERIES PLC15
2.2REVIEW OF LITERATURE17
2.3STANDARD OF COMPARISON19
2.4RATIO AS PREDICTION OF BUSINESS FAILURE: AN EMPIRICAL APPROACH25
2.5CLASSIFICATION OF ACCOUNTING RATIOS26
2.6TYPES OF RATIOS28
2.7SIGNIFICANCE OF RATIOS50
2.8LIMITATIONS OF ACCOUNTING RATIOS52
2.9INFLATION AND ACCOUNTING RATIOS.55
2.10CRITERIA FOR ACCOUNTING RATIOS56
CHAPTER THREE
3.0RESEARCH DESIGN AND METHODOLOGY
3.1SOURCES OF DATA63
3.1.1PRIMARY SOURCE63
3.1.2SECONDARY SOURCE64
3.2INTERVIEW QUESTIONS (COLLECTION METHOD INSTRUMENT)64
3.2.1QUESTIONNAIRE65
3.2.2INTERVIEWS65
3.2.3LIBRARY RESEARCH66
3.3DETERMINATION OF SAMPLE SIZE66
3.4METHOD OF INVESTIGATIONS67
3.5STATISTICAL METHODS USED FOR –
DATA ANALYSIS.67
CHAPTER FOUR
4.0DATA PRESENTATION AND ANALYSIS 69
4.1AN OVERVIEW69
4.2TESTING OF HYPOTHESIS85
CHAPTER FIVE
5.0SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1SUMMARY102
5.2CONCLUSION103
5.3RECOMMENDATIONS105
BIBLIOGRAPHY109
APPENDIX111
QUESTIONNAIRE113
