{"id":6254,"date":"2025-06-24T22:19:45","date_gmt":"2025-06-24T22:19:45","guid":{"rendered":"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/"},"modified":"2025-06-25T04:16:54","modified_gmt":"2025-06-25T04:16:54","slug":"financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company","status":"publish","type":"post","link":"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/","title":{"rendered":"FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY"},"content":{"rendered":"<p>This article was originally published as: <strong>FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY<\/strong><\/p>\n<p>Original Article Link: <a href='https:\/\/wissjournals.com.ng\/index.php\/wiss\/article\/view\/356' target='_blank' rel='noopener'>Read Original Article<\/a><\/p>\n<p>Download PDF: <a href='https:\/\/wissjournals.com.ng\/index.php\/wiss\/article\/download\/356\/325' target='_blank' rel='noopener'>Click Here to Download PDF<\/a><\/p>\n<h2>Abstract<\/h2>\n<p>This study investigated the financial accounting ratios as a tool for the evaluation of management of Mills Company. To achieve this, a sample of audited financial statement from the selected company was used for the computation of relevant ratios, where analysis and the interpretation of the result becomes possible. An extensive empirical and conceptual literature review were carried out based on the variables of the study. Research question was posed for a guide to the computation of the relevant ratios. The population of the study comprised all registered Mills companies within the areas of the study. The sampling techniques used was a two-stage sampling technique which are purposeful and a simple random sampling technique. Primary data collected were from the audited financial statement of the selected mills company which the data were used for the computation of the major ratios. The analysis and interpretation of financial performance of the mills company were carried out. The study revealed that the financial performance and the returns from investment was encouraging, the efficiency with which inventory, receivables and trade payable were managed was good, the selected company was having a poor liquidity control measures and its debt capacity was high but not excessively high beyond control. The study suggests that financial accounting ratios stands as a powerful tool in forecasting the poor and the good performance of a company. Based on the findings, it was recommended amongst others that business managers of mills company should appreciate the important of frequently subjecting their financial statement to ratio analysis to determine the financial health of the company, users of financial statement are highly advised to use financial ratios to analysis their financial statement of a company for a better financial decision.<\/p>\n<h2>Authors<\/h2>\n<ul>\n<li>EGU USANG  INAH (UNIVERSITY OF CALABAR, CALABAR)<\/li>\n<li>AGIM, DAVID  AGIABEKONG (UNIVERSITY OF CALABAR, CALABAR, NIGERIA)<\/li>\n<li>IYANG GODWIN  USHIE (UNIVERSITY OF CALABAR, CALABAR, NIGERIA)<\/li>\n<\/ul>\n<h2>Keywords<\/h2>\n<p>Tool, financial, accounting ratios, management, mills company<\/p>\n<h2>References<\/h2>\n<p>References not available for this article.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This article was originally published as: FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY&#8230;<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[124],"tags":[3216,3215,3217,3214],"class_list":["post-6254","post","type-post","status-publish","format-standard","hentry","category-articles","tag-accounting-ratios","tag-financial","tag-mills-company","tag-tool","wpcat-124-id"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY - IJSSASS Repository<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY - IJSSASS Repository\" \/>\n<meta property=\"og:description\" content=\"This article was originally published as: FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/\" \/>\n<meta property=\"og:site_name\" content=\"IJSSASS Repository\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ijssass\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-24T22:19:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-25T04:16:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ijssass.com\/journal\/wp-content\/uploads\/2023\/07\/c-users-user-desktop-logo-pnglogo-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"195\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/ijssass.com\/journal\/#\/schema\/person\/adf9bae5731958270e2140cfc1af3771\"},\"headline\":\"FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY\",\"datePublished\":\"2025-06-24T22:19:45+00:00\",\"dateModified\":\"2025-06-25T04:16:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/\"},\"wordCount\":373,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ijssass.com\/journal\/#organization\"},\"keywords\":[\"accounting ratios\",\"financial\",\"mills company\",\"Tool\"],\"articleSection\":[\"Articles\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/\",\"url\":\"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/\",\"name\":\"FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY - IJSSASS Repository\",\"isPartOf\":{\"@id\":\"https:\/\/ijssass.com\/journal\/#website\"},\"datePublished\":\"2025-06-24T22:19:45+00:00\",\"dateModified\":\"2025-06-25T04:16:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ijssass.com\/journal\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ijssass.com\/journal\/#website\",\"url\":\"https:\/\/ijssass.com\/journal\/\",\"name\":\"INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND SCIENTIFIC STUDIES\",\"description\":\"Open Access Library\",\"publisher\":{\"@id\":\"https:\/\/ijssass.com\/journal\/#organization\"},\"alternateName\":\"IJSSASS\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ijssass.com\/journal\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ijssass.com\/journal\/#organization\",\"name\":\"INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND SCIENTIFIC STUDIES\",\"alternateName\":\"IJSSASS\",\"url\":\"https:\/\/ijssass.com\/journal\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ijssass.com\/journal\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ijssass.com\/journal\/wp-content\/uploads\/2023\/07\/c-users-user-desktop-logo-pnglogo-3.png\",\"contentUrl\":\"https:\/\/ijssass.com\/journal\/wp-content\/uploads\/2023\/07\/c-users-user-desktop-logo-pnglogo-3.png\",\"width\":300,\"height\":195,\"caption\":\"INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND SCIENTIFIC STUDIES\"},\"image\":{\"@id\":\"https:\/\/ijssass.com\/journal\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ijssass\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ijssass.com\/journal\/#\/schema\/person\/adf9bae5731958270e2140cfc1af3771\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ijssass.com\/journal\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e2404e10f252fd74bce698fdfc0296b3cfb701b99d14951364bf9586aaa0c4a8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e2404e10f252fd74bce698fdfc0296b3cfb701b99d14951364bf9586aaa0c4a8?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/ijssass.com\/journal\"],\"url\":\"https:\/\/ijssass.com\/journal\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY - IJSSASS Repository","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/","og_locale":"en_US","og_type":"article","og_title":"FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY - IJSSASS Repository","og_description":"This article was originally published as: FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY...","og_url":"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/","og_site_name":"IJSSASS Repository","article_publisher":"https:\/\/www.facebook.com\/ijssass","article_published_time":"2025-06-24T22:19:45+00:00","article_modified_time":"2025-06-25T04:16:54+00:00","og_image":[{"width":300,"height":195,"url":"https:\/\/ijssass.com\/journal\/wp-content\/uploads\/2023\/07\/c-users-user-desktop-logo-pnglogo-2.png","type":"image\/png"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/#article","isPartOf":{"@id":"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/"},"author":{"name":"admin","@id":"https:\/\/ijssass.com\/journal\/#\/schema\/person\/adf9bae5731958270e2140cfc1af3771"},"headline":"FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY","datePublished":"2025-06-24T22:19:45+00:00","dateModified":"2025-06-25T04:16:54+00:00","mainEntityOfPage":{"@id":"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/"},"wordCount":373,"commentCount":0,"publisher":{"@id":"https:\/\/ijssass.com\/journal\/#organization"},"keywords":["accounting ratios","financial","mills company","Tool"],"articleSection":["Articles"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/","url":"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/","name":"FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY - IJSSASS Repository","isPartOf":{"@id":"https:\/\/ijssass.com\/journal\/#website"},"datePublished":"2025-06-24T22:19:45+00:00","dateModified":"2025-06-25T04:16:54+00:00","breadcrumb":{"@id":"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ijssass.com\/journal\/financial-accounting-ratios-as-a-tool-for-the-evaluation-of-management-of-mills-company\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ijssass.com\/journal\/"},{"@type":"ListItem","position":2,"name":"FINANCIAL ACCOUNTING RATIOS AS A TOOL FOR THE EVALUATION OF MANAGEMENT OF MILLS COMPANY"}]},{"@type":"WebSite","@id":"https:\/\/ijssass.com\/journal\/#website","url":"https:\/\/ijssass.com\/journal\/","name":"INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND SCIENTIFIC STUDIES","description":"Open Access Library","publisher":{"@id":"https:\/\/ijssass.com\/journal\/#organization"},"alternateName":"IJSSASS","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ijssass.com\/journal\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ijssass.com\/journal\/#organization","name":"INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND SCIENTIFIC STUDIES","alternateName":"IJSSASS","url":"https:\/\/ijssass.com\/journal\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ijssass.com\/journal\/#\/schema\/logo\/image\/","url":"https:\/\/ijssass.com\/journal\/wp-content\/uploads\/2023\/07\/c-users-user-desktop-logo-pnglogo-3.png","contentUrl":"https:\/\/ijssass.com\/journal\/wp-content\/uploads\/2023\/07\/c-users-user-desktop-logo-pnglogo-3.png","width":300,"height":195,"caption":"INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND SCIENTIFIC STUDIES"},"image":{"@id":"https:\/\/ijssass.com\/journal\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ijssass"]},{"@type":"Person","@id":"https:\/\/ijssass.com\/journal\/#\/schema\/person\/adf9bae5731958270e2140cfc1af3771","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ijssass.com\/journal\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e2404e10f252fd74bce698fdfc0296b3cfb701b99d14951364bf9586aaa0c4a8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e2404e10f252fd74bce698fdfc0296b3cfb701b99d14951364bf9586aaa0c4a8?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/ijssass.com\/journal"],"url":"https:\/\/ijssass.com\/journal\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/posts\/6254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/comments?post=6254"}],"version-history":[{"count":1,"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/posts\/6254\/revisions"}],"predecessor-version":[{"id":6887,"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/posts\/6254\/revisions\/6887"}],"wp:attachment":[{"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/media?parent=6254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/categories?post=6254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/tags?post=6254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}