An Assessment Of The Relationship Between Firmsí Financial Viability And Strength As Tools For Measuring The Financial Status Of Small Scale Business Organizations In Nigeria
The purpose of this study is to find out the relationship between the liquidity and the profitability of MAXI business enterprise. The study was descriptive in nature. It adopted the longitudinal time dimension. Document analysis was the main research procedure adopted to collect secondary data for the study. The financial reports of the MAXI enterprise were studied and relevant liquidity and profitability ratios were computed. The trend in liquidity and profitability were determined by observing the change over three years. It was found that for the period 2012-2015, both the liquidity and the profitability of the MAXI business enterprise were declining. This is a pointer to the fact that there was a positive relationship between the liquidity and the profitability of MAXI enterprise within the period under review. This finding is beneficial in the sense that it guide managers on the liquidity needs of their organizations if they should operate profitably.
keywords- assessment; relationship; strenghts; business; Nigeria