Browsing by Author "Owusu, Victoria"
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- ItemWorking Capital Management Practices at Bibiani Logging & Lumber Company Ltd (BLLC)(July, 2015) Owusu, VictoriaThe focus of this study is to critically evaluate the working capital management practices at Bibiani Logging & Lumber Company Ltd (BLLC). No business can continually function effectively and efficiently without working capital. Working capital management is to ensure that a firm is able to meet its day to day operations and also have sufficient ability to satisfy both maturing short-term debt and operational expenses. This study evaluates the working capital management techniques used at the Bibiani Logging & Lumber Company Ltd. Seven key employees were sampled for the study using the purposive sampling technique, and the data analysed qualitatively. The study reveals although the working capital management techniques at the lumber company are not in accordance with the company‟[s policy on working capital management, the level of liquidity is quite remarkable. The major problem facing the company is the disregard for a conscious effort to ensure efficient and effective working capital management.