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|Title: ||An evaluation of the financial position of Accra Brewery Limited|
|Authors: ||Adjei, Kingsley|
|Issue Date: ||11-Sep-2009|
|Abstract: ||The study is designed to evaluate the financial position and the profitability position of ACCRA BREWERY LIMITED a public traded company listed on Ghana Stock Exchange over seven years period from 2000 to 2006.
It assesses ABL’s risk of bankruptcy using bankruptcy prediction model called Altman’s Z-score. The study reveal that ABL’s risk of bankruptcy were dominantly within the “gray area” (that is between: 1.8-3.0) over the entire seven years period. The situation was more threaten in year 2000 and 2006.where ABL scored below the lower limit.
The study again applied traditional ratios analysis in appraising the financial performance of ABL focusing on the assessment of its liquidity, solvency and finally its profitability. Based on the ratios analysis the study reveal trends of ABL’s key financial ratios and the results showed both an impressive and unimpressive performance:
The company liquidity in totality was not satisfactory enough to guarantee total safety to its creditors. It experience downward trend for the entire reviewed period except year 2004.
The study further revealed that the company depended more on debt relative to owner’s funds, thus, experiencing relatively higher debt ratios. Not withstanding that has shown good interest coverage until the year 2006 that recorded a threaten result.
The flow of the study considers various theories and models and eventually selecting the applicable methodology and defining key variables used in the studies. It prepared relevant data and discussed the results. It finally summarized the entire studies and concludes with recommendations.|
|Description: ||A thesis submitted to the Board of Postgraduate Studies, Kwame Nkrumah University of Science and Technology, Kumasi, in partial fulfilment of the requirements for the award of the Degree of Master of Business Administration,March-2009|
|Appears in Collections:||College of Arts and Social Sciences|
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