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2011 (Vol. 3, Issue: 4)
Article Information:

Financial Statement as a Veritable Source of Strategic Information in Automobile and Tyre Industries in Nigeria (R T Briscoe Nigeria Plc)

Mary Josiah, Samson A. Adediran Clement Edojor Ozele, Veronica Uzoma Sule and Adunola Oyeyemi Paul
Corresponding Author:  Mary Josiah 

Key words:  Accounting ratios, automobile, policy formulation, , , ,
Vol. 3 , (4): 334-341
Submitted Accepted Published
2011 September, 25 2011 November, 04 2011 November, 15
Abstract:

This study is derives from the concern of the users of financial statements in ability to understand, interpret and appreciate the importance of information provided in the statement as a basis for decision making and policy formulation. Due to this reason, they cannot make the best use of the information provided. This is exactly what led to this research study. This study was carried out to provide an insight into accounting information provided in the financial statements which is capable of satisfying the interest of all those who have dealings with R. T. Briscoe Nig. Plc in whatever capacity and it also tries to throw light on how to make use of accounting ratio in the evaluation of the performance automobile and tyre industries. The study also carried out an evaluation of the performance of the Automobile and tyre industries in a more relative term using accounting ratios as indicators. A thorough investigation was conducted into the efficiency performance in key areas such as liquidity, profitability, activity, and leverage ratios. The ratios computed were analyzed. After the analysis was made, the findings showed that the performance of the Automobile and tyre industries in the key areas mentioned above are well above average and that it compared favourably over the years for which the ratios were computed. The researcher however wish to stress the need for the Automobile and tyre industries to sustain, consolidate and improve on some of its profitability ratios and improving its liquidity ratio.
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  Cite this Reference:
Mary Josiah, Samson A. Adediran Clement Edojor Ozele, Veronica Uzoma Sule and Adunola Oyeyemi Paul, 2011. Financial Statement as a Veritable Source of Strategic Information in Automobile and Tyre Industries in Nigeria (R T Briscoe Nigeria Plc).  Asian Journal of Business Management, 3(4): 334-341.
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ISSN (Online):  2041-8752
ISSN (Print):   2041-8744
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