Working capital management is very important in measuring and balancing between risk and efficiency of firm�s\nperformance. Firms has experienced various trend in ensuring the survival of the business in short and long term.\nThis study measures the impact of working capital management on small and medium enterprises' performance in\nNigeria, Osun State as a focus area for the period 2010-2014 by using firm by firm statement of financial position and\nincome statement. This is done by calculating return on assets as a tool to measure firms' performance in Nigeria.\nData were analysed using ordinary least square method to test the hypothesis formulated. Our findings indicate a\nmixed effect of WCM on performance. It was concluded that account payables period, cash conversion cycle and net\ntrading cycle has positive effect on performance. Account receivables period and inventories turnover in days has\nnegative relationship with performance.
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