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Igwoba Solomon U
Department of Accounting, Faculty of management sciences, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Rivers State, Nigeria
Economics, Econometrics & Finance Education Other

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Journal : Goodwood Akuntansi dan Auditing Reviu

 1 
Influence of Liquidity and Profitability on Profits Growth of Nigerian Pharmaceutical Firms Odukwu Victory Chika; Eke Promise; Igwoba Solomon U; Egule Victoria Werikum
Goodwood Akuntansi dan Auditing Reviu Vol. 1 No. 1 (2022): November
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/gaar.v1i1.1318

Abstract

Purpose: This study sought to assess the influence of liquidity ratio and profitability ratio on profit growth of pharmaceutical firms in Nigeria. Method: The researcher employed ex-post facto research strategy with a population of six (6) selected listed pharmaceutical firms in Nigerian stock exchange market. The study used 30 firm yearly observations from the six pharmaceutical firms listed in Nigeria. Results: The results of the study revealed that the current ratio's liquidity ratio and the quick ratio's liquidity ratio had a statistically significant link with profit growth rate. The profit growth rate has no statistically significant link with the profitability ratio of net profit margin and return on asset. Limitations: The discoveries of this study is limited to pharmaceutical firms in Nigeria and may not be adopted elsewhere. Contribution: This study is anticipated to help pharmaceutical companies manage their cash and cash equivalents while also improving the performance of the business.
Co-Authors Egule Victoria Werikum Eke Promise Odukwu Victory Chika